Lowe's (MIL:1LOW) Dividend Payout Ratio: 0.40 (As of Apr. 2026) — 11% Above Median

Lowe's MIL:1LOW 57 Dividend Payout Ratio is 0.40 as of Apr. 2026, which is 11% above its 10-year median of 0.36. GuruFocus rates MIL:1LOW with a GF Score™ of 57/100 and a GF Value™ of €206.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 509 Retail - Cyclical companies, Lowe's ranks better than 53.05% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Lowe's's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.40.

The historical rank and industry rank for Lowe's's Dividend Payout Ratio or its related term are showing as below:

MIL:1LOW' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.36 Max: 0.39
Current: 0.39

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 0.36.

MIL:1LOW's Dividend Payout Ratio is ranked better than
53.05% of 509 companies
in the Retail - Cyclical industry
Industry Median: 0.42 vs MIL:1LOW: 0.39

As of today (2026-07-05), the Dividend Yield % of Lowe's is 2.19%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Lowe's was 3.21%. The lowest was 1.07%. And the median was 1.78%.

Lowe's's Dividends per Share for the months ended in Apr. 2026 was €1.03.

During the past 12 months, Lowe's's average Dividends Per Share Growth Rate was 4.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 17.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lowe's was 57.00% per year. The lowest was 4.00% per year. And the median was 16.30% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Lowe's (MIL:1LOW) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Lowe's Dividend Payout Ratio Related Terms

Lowe's Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Lowe's's Dividend Payout Ratio can be seen below:

* 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 Dividend Payout Ratio Chart

Lowe's Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Jan26

Dividend Payout Ratio

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0.00

0.38

0.39

Lowe's Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.39	0.28	0.39	0.61	0.40

MIL:1LOW vs FND, HVT, TTSH: Dividend Payout Ratio Comparison

For the Home Improvement Retail subindustry, Lowe's's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Lowe's's Dividend Payout Ratio falls into.

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57GF Score

Lowe's Companies Inc MIL:1LOW

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Lowe's Dividend Payout Ratio Calculation

Lowe's's Dividend Payout Ratio for the fiscal year that ended in Jan. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jan. 2026 )	/	EPS without NRI (A: Jan. 2026 )
	=	4.042	/	10.45
	=	0.39

Lowe's's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Apr. 2026 )	/	EPS without NRI (Q: Apr. 2026 )
	=	1.026	/	2.591
	=	0.40

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.40 mean?

Lowe's (MIL:1LOW) has a Dividend Payout Ratio of 0.40 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lowe's and its competitors. This is 11% above median its historical median of 0.36. Over the past decade, Lowe's' Dividend Payout Ratio has ranged from 0.25 to 0.39. According to the industry distribution chart, Lowe's ranks #239 out of 509 companies in the Retail - Cyclical industry, placing it in the top 47%.

Is Lowe's' Dividend Payout Ratio too high?

Lowe's' current Dividend Payout Ratio of 0.40 is 11% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.39. The Retail - Cyclical industry median Dividend Payout Ratio is 0.42. Lowe's' value of 0.40 is 4.8% below this industry median. Based on the distribution chart, Lowe's ranks #239 out of 509 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lowe's has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Lowe's' Dividend Payout Ratio compare to FND and HVT?

According to the Retail - Cyclical industry distribution chart, Lowe's ranks #239 out of 509 companies for Dividend Payout Ratio. This puts Lowe's in the upper half of its industry. The industry median Dividend Payout Ratio is 0.42. Lowe's' value of 0.40 is 4.8% below this benchmark. Historically, Lowe's' own Dividend Payout Ratio has ranged from 0.25 to 0.39 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.42, Lowe's has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Retail - Cyclical company?

The median Dividend Payout Ratio among Retail - Cyclical companies is 0.42, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lowe's's current Dividend Payout Ratio of 0.40 is 4.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lowe's and its competitors. For the Retail - Cyclical industry, the median Dividend Payout Ratio is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lowe's's current Dividend Payout Ratio is 0.40, which is 11% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lowe's stock overvalued right now?

Based on GuruFocus' analysis, Lowe's (MIL:1LOW) is currently considered Modestly Undervalued. The stock's GF Value™ is €206.80, compared to a current price of €188.30 — trading 8.9% below its estimated fair value. The current Dividend Payout Ratio is 0.40, which is 11% above median its 10-year median of 0.36 and 4.8% below the Retail - Cyclical industry median of 0.42. Lowe's' overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Lowe's (MIL:1LOW), the current Dividend Payout Ratio is 0.40 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lowe's (MIL:1LOW) Overvalued in 2026?

Based on GuruFocus' analysis, Lowe's stock appears to be undervalued. The current stock price of €188.30 is trading 8.9% below its estimated GF Value™ of €206.80. GuruFocus considers Lowe's to be Modestly Undervalued.

Key valuation signals for MIL:1LOW:

Dividend Payout Ratio: 0.40 (11% above median its 10-year median of 0.36)
GF Value™: €206.80 vs. price of €188.30 (8.9% below fair value)
GF Score™: 57/100 with 2 warning signs
Industry Position: 4.8% below the Retail - Cyclical median (#239 of 509)

No single metric tells the full story. See the MIL:1LOW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lowe's Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies FND HVT TTSH LIVE HD ASX:WES LSE:KGF XKLS:5296 BKK:HMPRO HAM:HBM XTER:HBH TSE:3050 BKK:GLOBAL TSE:8218 TSE:3191 TSE:7516 JSE:ITE LSE:WIX BKK:DOHOME PHS:WLCON

Other Exchanges LOW:USA LOW:Mexico 0JVQ:UK LWE:Germany LOWC34:Brazil LOWE:Austria

Address 1000 Lowes Boulevard, Mooresville, NC, USA, 28117

Website https://www.lowes.com

Lowe's is the second-largest home improvement retailer globally, with 1,759 stores in the US, after the 2023 divestiture of its Canadian locations. 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 primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its professional business clients to 30% from less than 20% in the past seven years (set to expand further with the acquisition of FBM). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

57GF Score

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€188.30

Price

€206.80

GF Value

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