Lowe’s Companies dividend – Lowe’s Companies, is a Dividend Aristocrat that has undergone significant changes to its business model in recent years.

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Lowe’s Companies Stock Fair Value – Lowe’s Companies ($NYSE:LOW), Inc. is a home improvement retailer that operates in the United States, Canada, and Mexico. It is the second-largest home improvement retailer in the United States after Home Depot and is publicly traded on the New York Stock Exchange. Most notably, the company has been investing heavily in its online presence and has been working to improve its customer service.

These changes have been paying off, and Lowe’s is now seeing strong growth in both its online and in-store sales. This makes it an attractive investment for income investors.

Dividends – Lowe’s Companies dividend

The company issued a dividend per share of 3.45 USD for FY2023 Q2 ending July 31, compared to dividends of 3.0 USD and 2.3 USD issued last two years. Lowe’s dividend yields from 2021 to 2023 are 1.91%, 1.52%, 1.47%, and three-year average dividend yield of 1.63%.

Stock Price

The company has been in the news recently for mostly negative reasons. On Monday, the stock opened at $208.4 and closed at $204.7, down by 2.1% from the prior closing price of $209.0. The company has been closing underperforming stores, cutting costs, and focusing on its most profitable stores. The company’s same-store sales have been declining for several quarters. The company is up against tough competition from Home Depot and other retailers.

In addition, the housing market has been weak in recent years, which has hurt demand for home improvement products.

VI Analysis – Lowe’s Companies Stock Fair Value Calculator

The company offers a wide variety of products, including appliances, tools, hardware, and home décor. Lowe’s also provides installation services for many of its products. The company’s fundamentals reflect its long-term potential.

VI Peers

Headquartered in Mooresville, North Carolina, the company employs over 290,000 people. Lowe’s is the second-largest home improvement retailer in the United States, after The Home Depot. The company competes with The Home Depot, Bed Bath & Beyond, Kohnan Shoji Co Ltd, and other home improvement retailers.

– The Home Depot Inc ($NYSE:HD)

The Home Depot Inc is a home improvement retailer that operates in the United States, Canada, and Mexico. It was founded in 1978 and is headquartered in Atlanta, Georgia. The company has a market capitalization of $282.03 billion as of 2022 and a return on equity of -2020.81%. Home Depot operates over 2,200 stores across the United States, Canada, and Mexico. The company offers a wide variety of home improvement products and services, including electrical, plumbing, lawn and garden, tools, and more.

– Bed Bath & Beyond Inc ($NASDAQ:BBBY)

Bath & Beyond Inc is a home goods retailer that operates in the United States and Canada. As of 2022, the company had a market capitalization of 401.26 million and a return on equity of 146.77%. The company sells a variety of home goods, including bedding, bath products, kitchen items, and home decor. It also operates a website and mobile app.

– Kohnan Shoji Co Ltd ($TSE:7516)

Kohnan Shoji Co Ltd is a Japanese company that manufactures and sells construction materials, tools, and hardware. It has a market cap of 94.2B as of 2022 and a return on equity of 9.73%. The company has a strong presence in the Japanese market and is one of the leading suppliers of construction materials in the country. It has a wide range of products that are used in both residential and commercial construction projects.

Summary

Investing in Lowe’s Companies may be a good idea for investors who are looking for a company with a strong history of dividend payments and a recent history of business model transformation. The company has also undergone significant changes to its business model in recent years, including the sale of its Orchard Supply Hardware business and the launch of its new smart home business unit.