May 26, 2023

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Lowe's Companies, Inc. (LOW) has recently announced a development for its shareholders. In addition to declaring a quarterly cash dividend of $1.10 per share, representing a 5% increase over the previous dividend, the company's board of directors has reinforced its commitment to shareholder value through a stock buyback program.

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Lowe's Dividend Increase and Historical Track Record

The board of directors at Lowe's Companies, Inc. has approved a 5% increase in the quarterly cash dividend, now standing at $1.10 per share. This announcement is an excellent indication of the company's strong financial performance and its commitment to delivering sustainable returns to its shareholders. Lowe's has a remarkable track record of consistent dividend payments since it went public in 1961, and it has increased its dividend for more than 25 consecutive years.

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Stock Buyback Program

Alongside the dividend increase, Lowe's Companies, Inc. has also announced a stock buyback program. This initiative reflects the company's confidence in its future growth prospects and underscores its commitment to maximizing shareholder value. By repurchasing its own shares, Lowe's aims to enhance shareholder returns, optimize its capital structure, and increase earnings per share over time.

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Members of LevelFields received the alert of this event on May 26, 9:45 AM ET

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