Lowe’s Companies, Inc. (NYSE:LOW) has made a notable appearance in the 12 Best Retail Dividend Stocks to Buy Now.
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Lowe’s Companies, Inc. (NYSE:LOW) boasts over a century of operation and has established itself as a prominent player in the home improvement sector. Although it has settled as the second-largest retailer in the U.S., trailing Home Depot, the company maintains a strong presence with more than 1,700 locations across the nation. Historically, Lowe’s had made forays into international markets but has made the strategic decision to retreat from operations in Australia, Mexico, and Canada.
In spite of current fluctuations in the housing market, Lowe’s remains strongly positioned. As challenges arise in purchasing homes, many homeowners decide to prioritize renovations, thereby creating a sustained demand that bodes well for long-term growth, even amidst short-term spending slowdowns. Economic changes can indeed affect the consumer appetite for home projects, yet these trends often demonstrate resilience. Once spending trends upward again, Lowe’s is likely to benefit from increased activity in upgrades and renovations.
Furthermore, the aging housing stock in the U.S., predominantly featuring homes built 31 to 60 years ago, continues to generate consistent demand. Lowe’s focus on professional contractors—a segment that is rapidly expanding—adds to its promising outlook.
Investors are increasingly attracted to Lowe’s Companies, Inc. (NYSE:LOW) not only for its stability but also due to its prestigious status as a Dividend King. The company has impressively raised its dividend payouts for 60 consecutive years, with a current quarterly dividend of $1.20 per share, translating to a dividend yield of 1.84% as of September 22.
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