Lowe’s ramped up its quarterly cash dividend by 9% after the home-improvement retailer last week reported stellar earnings for the second quarter, outpacing the consensus for sales and profit expectations.Lowe’s (LOW) announced that its Board of Directors declared a quarterly cash dividend of 60 cents per share, which takes the third quarter payout to about $455 million. The dividend, which presents a 9% hike over the previous quarterly payout, is payable on Nov. 4 to shareholders of record as of Oct. 21. The company has declared a cash dividend every quarter since going public in 1961.”Based on our confidence in …read more
Source:: Yahoo Finance
