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Lowe's (Lowe's) 3-Year Dividend Growth Rate

: 23.70% (As of Jan. 2024)
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Lowe's's Dividends per Share for the three months ended in Jan. 2024 was $1.10.

The historical rank and industry rank for Lowe's's 3-Year Dividend Growth Rate or its related term are showing as below:

LOW' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 4   Med: 16.75   Max: 71
Current: 23.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lowe's was 71.00% per year. The lowest was 4.00% per year. And the median was 16.75% per year.

LOW's 3-Year Dividend Growth Rate is ranked better than
71.13% of 388 companies
in the Retail - Cyclical industry
Industry Median: 11.1 vs LOW: 23.70

During the past 12 months, Lowe's's average Dividends Per Share Growth Rate was 10.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 23.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 20.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 19.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Lowe's's Dividend Payout Ratio for the three months ended in Jan. 2024 was 0.62. As of today, Lowe's's Dividend Yield % is 1.87%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Home Improvement Retail subindustry, Lowe's's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lowe's 3-Year Dividend Growth Rate Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Lowe's's 3-Year Dividend Growth Rate falls into.



Lowe's 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Lowe's  (NYSE:LOW) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Lowe's's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jan. 2024 )/ EPS without NRI (Q: Jan. 2024 )
=1.1/ 1.77
=0.62

During the past 13 years, the highest Dividend Payout Ratio of Lowe's was 0.39. The lowest was 0.25. And the median was 0.33.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Lowe's Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.1002024-01-232024-01-242024-02-07Cash DividendquarterlyUSD:USD 1.000000
USD 1.1002023-10-242023-10-252023-11-08Cash DividendquarterlyUSD:USD 1.000000
USD 1.1002023-07-252023-07-262023-08-09Cash DividendquarterlyUSD:USD 1.000000
USD 1.0502023-04-252023-04-262023-05-10Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Lowe's's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=4.35/230.24
=1.89 %

Current Share Price is $230.24.
Lowe's's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.35.

During the past 13 years, the highest Dividend Yield of Lowe's was 3.21%. The lowest was 1.07%. And the median was 1.62%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lowe's 3-Year Dividend Growth Rate Related Terms>


Lowe's (Lowe's) Business Description

Traded in Other Exchanges
Address
1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.
Executives
Janice Dupre Little officer: EVP Human Resources 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph Michael Mcfarland officer: EVP, Stores 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Quonta D Vance officer: EVP, Pro & Home Services 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Donald Frieson officer: EVP, Supply Chain 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
William P Boltz officer: EVP, Merchandising 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Seemantini Godbole officer: EVP, Chief Information Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Juliette Williams Pryor officer: EVP, CLO & Corp. Sec. 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Ross W Mccanless officer: SR VP Gen Counsel & Secretary
Scott H Baxter director 400 NORTH ELM STREET, GREENSBORO NC 27401
Taylor Colleen director C/O BILL.COM HOLDINGS, INC., 1800 EMBARCADERO ROAD, PALO ALTO CA 94303
Brandon J Sink officer: EVP, Chief Financial Officer 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Stone West Mary E director C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Daniel J Heinrich director CLOROX CO, 1221 BROADWAY, OAKLAND CA 94612
David H Batchelder director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
Griggs Dan Clayton Jr officer: Vice President, CAO 1000 LOWES BOULEVARD, MOORESVILLE NC 28117