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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
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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