Title: How Many Lowe's Shares You Need to Own for a Yearly $500 Dividend
🛠️ Looking to dive into the world of dividend investing? Lowe's, famously known for its home improvement offerings, is a solid choice! With a rich history of thriving as a dividend payer, Lowe's has managed to boost its dividends year after year, making it a reputable member of the Dividend Aristocrats club.
If $500 in annual dividends catches your eye, let's crunch some numbers. Earlier this year, Lowe's upped its quarterly dividend to $1.15 a share, equivalent to $4.60 annually[1]. To bring in that $500, you'd need to own approximately 109 shares at the current price of $256.73[1], which comes out to around $26,686.20.
As a bonus, Lowe's not only offers a 1.7% dividend yield[1], but also surpasses the S&P 500's 1.2% yield, indicating promising returns for dividend seekers. And with a robust free cash flow (FCF) of $7.3 billion during the first nine months of the year, Lowe's has more than enough FCF to maintain these dividend payments[2].
Strong dividend footing and consistent FCF growth make Lowe's an inviting prospect for income-focused investors. The company has proven its dedication to rewarding shareholders with reliable dividend increases, making it worthy of consideration in your portfolio.
If you're interested in expanding your finance portfolio through investing, Lowe's could be an appealing option due to its dividend history. Currently, Lowe's provides a 1.7% dividend yield, which is higher than the S&P 500's yield, suggesting potential lucrative returns for investors focusing on dividends.
