Friday, May 25, 2007

Lowes Increases Dividend 60%

Lowes (LOW) announced a 60% increase in the company's quarterly dividend to 8 cents a share versus 5 cents per share in the same quarter last year. Lowes also announced an additional $3 billion dollar share repurchase program. The company has $800 million remaining from a prior $5 billion dollar share repurchase program that was alread in place. Since 2004, LOW has repurchased $4.2 billion of its stock.

The following table contains a comparison of some fundamental data between Home Depot (HD) and Lowes.

(click on table for larger image)

Home Depot Lowes fundamental data comparison. May 25, 2007
Home Depot Lowes stock chart. May 25, 2007

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