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Lowe's Increases Dividend 5% to $1.15 a Share

Provided by Dow Jones

May 31, 2024 1:28pm

By Denny Jacob

Lowe's increased its quarterly cash dividend 5% to $1.15 a share from $1.10 a share.

The new dividend, equal to $4.60 a year, represents an annual yield of 2.1%, based on Thursday's closing price of $215.46.

The home-improvement retailer said the dividend is payable on Aug. 7 to shareholders of record as of July 24.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 31, 2024 09:28 ET (13:28 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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