Markets
Lowe's raises quarterly dividend
NEW YORK : U.S. home improvement chain Lowe's Cos Inc raised its quarterly dividend by 27 percent to 14 cents a share
By
NEW YORK: U.S. home improvement chain Lowe's Cos Inc raised its quarterly dividend by 27 percent to 14 cents a share on Friday when the company's top executives met investors at its annual meeting.
The retailer also said its president and chief operating officer, Larry Stone, will retire from that role on June 2 after 42 years with the company.
Lowe's, which has declared a cash dividend each quarter since going public in 1961, said the current dividend will be paid on Aug. 3 to shareholders of record as of July 20.
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.