Lowe's Companies (NYSE:LOW) had declared a cash dividend of $0.3500 on Aug 19, 2016. The shares will quote ex-dividend on Oct 17, 2016 and the record date has been fixed for Oct 19, 2016. On Aug 19, 2016 share price, the yield comes out to be 1.7990%. The dividend payable date has been fixed on Nov 2, 2016.
In a different note, On Aug 2, 2016, Stifel Nicolaus said it Assumes its rating on Lowe's Companies. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on Lowe's Companies, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Buy’ by the firm. Topeka Capital said it Initiates Coverage on Lowe's Companies, according to a research note issued on May 24, 2016. The shares have been rated ‘Hold’ by the firm.
Lowe's Companies (LOW) made into the market gainers list on Mondays trading session with the shares advancing 0.36% or 0.28 points. Due to strong positive momentum, the stock ended at $77.18, which is also near the day’s high of $77.345. The stock began the session at $76.91 and the volume stood at 45,44,191 shares. The 52-week high of the shares is $83.65 and the 52 week low is $62.6201. The company has a current market capitalization of $68,390 M and it has 88,61,04,720 shares in outstanding.
Lowe's Companies(LOW) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $18.26B. Analysts had an estimated revenue of $18.30B. Earnings per share were $1.31. Analysts had estimated an EPS of $1.41.
Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Richard D Maltsbarger (CDO & President, Int’l) sold 12,656 shares at $80.21 per share price.Also, On May 26, 2016, Matthew V Hollifield (SVP Chief Accounting Officer) sold 17,976 shares at $79.16 per share price.On May 25, 2016, Nelson B Peace (Corp Administration Executive) sold 27,720 shares at $79.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.