Lowe's Companies, Inc.
LOW30 yrs growthConsumer Cyclical · Home Improvement Retail · Stock · quarterly payer
Forward Yield
2.52%
Annual Dividend
$5.00
Payout Ratio
41%
5-Yr Growth
15.9%
Ex-Date
Oct 21, 2026
Frequency
Quarterly
Key facts about LOW's dividend
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, Lowe's Companies, Inc. (LOW) has a forward dividend yield of 2.52%, based on an annual dividend of $5.00 per share and a share price of $198.68.
- As of Oct 24, 2026, LOW's dividend safety grade from SmarterDividends is A (89 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Lowe's Companies, Inc. (LOW) has raised its dividend for 30 consecutive years as of Oct 24, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- LOW last cut its regular dividend in 1995.
- LOW's most recent ex-dividend date was Oct 21, 2026, for a dividend of $1.25 per share.
- As of Oct 24, 2026, LOW pays out 41% of its trailing 12-month earnings as dividends (its payout ratio).
- LOW's dividend has grown at an average rate of 15.9% a year over the past five years.
- As of Oct 24, 2026, LOW's 2.52% yield is 39% above its five-year average yield of 1.81%.
- As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for LOW is $216.65 per share, 9% above the $198.68 share price, so LOW screens as fairly valued.
- Lowe's Companies, Inc. (LOW) pays its dividend quarterly, 4 times a year.
- Lowe's Companies, Inc. (LOW) has raised its regular dividend 37 times and cut it 0 times across the 166 payments on record since 1985. Its most recent change was a 4.2% increase to $1.25 per share, going ex-dividend on Jul 22, 2026.
- Lowe's (LOW) has declared its first higher dividend of the year in May in 4 of the last 5 years; its most recent raise, 4.2%, was declared on May 29, 2026.
Cite this page
SmarterDividends, "LOW Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/LOW
Summary
As of Oct 24, 2026, Lowe's Companies, Inc. (LOW) yields 2.52% ($5.00 a year per share), has a dividend safety grade of A (89/100) and has 30 consecutive years of dividend increases on record.
Is LOW a good dividend stock?
YesLowe's Companies, Inc. (LOW) pays a quarterly dividend yielding 2.52% ($5.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 30 consecutive years of growth
- Comfortable payout ratio (41%)
- Strong 15.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1995
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.52%
- Payout Ratio
- 41%
- Annual Dividend
- $5.00
- 5-Yr Avg Growth
- 15.9%
- Ex-Dividend Date
- Oct 21, 2026
- Years of Growth
- 30
- Frequency
- quarterly
- Beta
- 0.88
- Market Cap
- $111.5B
- P/E Ratio
- 16.8
- 5-Yr Total Return
- -19%
- 52-Week Range
- $178.45 – $293.06
- Dividend Safety
- A · 89/100
- Ever Cut?
- Yes (1995)
LOW dividend raises and cuts
Lowe's Companies, Inc. (LOW) has raised its regular dividend 37 times and cut it 0 times across the 166 payments on record since 1985. Its most recent change was a 4.2% increase to $1.25 per share, going ex-dividend on Jul 22, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 22, 2026 | Raise | $1.20 → $1.25 | +4.2% |
| Jul 23, 2025 | Raise | $1.15 → $1.20 | +4.3% |
| Jul 24, 2024 | Raise | $1.10 → $1.15 | +4.5% |
| Jul 25, 2023 | Raise | $1.05 → $1.10 | +4.8% |
| Jul 19, 2022 | Raise | $0.800 → $1.05 | +31.3% |
| Jul 20, 2021 | Raise | $0.600 → $0.800 | +33.3% |
| Oct 20, 2020 | Raise | $0.550 → $0.600 | +9.1% |
| Jul 23, 2019 | Raise | $0.480 → $0.550 | +14.6% |
| Jul 24, 2018 | Raise | $0.410 → $0.480 | +17.1% |
| Jul 24, 2017 | Raise | $0.350 → $0.410 | +17.1% |
| Jul 18, 2016 | Raise | $0.280 → $0.350 | +25.0% |
| Jul 20, 2015 | Raise | $0.230 → $0.280 | +21.7% |
Show all 37 changes since 1986
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 21, 2014 | Raise | $0.180 → $0.230 | +27.8% |
| Jul 22, 2013 | Raise | $0.160 → $0.180 | +12.5% |
| Jul 23, 2012 | Raise | $0.140 → $0.160 | +14.3% |
| Jul 18, 2011 | Raise | $0.110 → $0.140 | +27.3% |
| Jul 19, 2010 | Raise | $0.0900 → $0.110 | +22.2% |
| Jul 15, 2009 | Raise | $0.0850 → $0.0900 | +5.9% |
| Jul 16, 2008 | Raise | $0.0800 → $0.0850 | +6.3% |
| Jul 18, 2007 | Raise | $0.0500 → $0.0800 | +60.0% |
| Jul 19, 2006 | Raise | $0.0300 → $0.0500 | +66.7% |
| Jul 13, 2005 | Raise | $0.0200 → $0.0300 | +50.0% |
| Jul 14, 2004 | Raise | $0.0150 → $0.0200 | +33.3% |
| Oct 15, 2003 | Raise | $0.0125 → $0.0150 | +20.0% |
| Jan 15, 2003 | Raise | $0.0100 → $0.0125 | +25.0% |
| Jul 18, 2001 | Raise | $0.0088 → $0.0100 | +14.3% |
| Jan 12, 2000 | Raise | $0.0075 → $0.0088 | +16.7% |
| Oct 14, 1998 | Raise | $0.0069 → $0.0075 | +9.1% |
| Jan 15, 1997 | Raise | $0.0063 → $0.0069 | +10.0% |
| Oct 13, 1995 | Raise | $0.0056 → $0.0063 | +11.1% |
| Jul 11, 1994 | Raise | $0.0050 → $0.0056 | +12.5% |
| Jan 11, 1993 | Raise | $0.0044 → $0.0050 | +14.3% |
| Jul 11, 1991 | Raise | $0.0041 → $0.0044 | +7.7% |
| Jan 10, 1990 | Raise | $0.0038 → $0.0041 | +8.3% |
| Oct 7, 1988 | Raise | $0.0034 → $0.0038 | +9.1% |
| Jul 13, 1987 | Raise | $0.0031 → $0.0034 | +10.0% |
| Apr 14, 1986 | Raise | $0.0028 → $0.0031 | +11.1% |
Frequently Asked Questions
Is LOW a good dividend stock?
Yes. Lowe's Companies, Inc. (LOW) pays a quarterly dividend yielding 2.52% ($5.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is LOW undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LOW's fair value is about $216.65 versus a $198.68 share price — so it looks fairly valued (+9% vs. fair value).
Is LOW's dividend safe?
LOW has a dividend-safety grade of A (89/100), based on its payout coverage, free-cash-flow, 30-year growth streak, a dividend cut in 1995, debt and yield-versus-history.
What is LOW's fair value?
Our blended fair-value estimate for LOW is about $216.65 per share, roughly 9% above the current $198.68 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is LOW a buy, hold, or sell?
We don't issue formal ratings, but on the data LOW screens as "yes" and fairly valued. Lowe's Companies, Inc. (LOW) pays a quarterly dividend yielding 2.52% ($5.00/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will LOW cut its dividend?
LOW earns a dividend-safety grade of A (89/100), and has cut its dividend before (last in 1995). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does LOW pay a dividend?
Yes. Lowe's Companies, Inc. pays a quarterly dividend of about $5.00 per share annually, a forward yield of roughly 2.52%.
What is LOW's dividend yield?
As of Oct 24, 2026, LOW's forward dividend yield is 2.52%, based on a $5.00 annual dividend and a $198.68 share price.
What is LOW's dividend per share?
As of Oct 24, 2026, LOW pays $5.00 per share per year, distributed on a quarterly basis.
What is LOW's dividend payout ratio?
As of Oct 24, 2026, LOW's payout ratio is 41% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has LOW grown its dividend?
As of Oct 24, 2026, LOW has increased its dividend for 30 consecutive years.
When is the next LOW ex-dividend date?
As of Oct 24, 2026, LOW's next ex-dividend date hasn't been announced. The most recent was Oct 21, 2026, for $1.25 per share.
LOW Price — Last 12 Months
Daily close
Price Return
1 Year
-18%
3 Years
-0%
5 Years
-19%
52-Week Range
$178.45 – $293.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LOW worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Lowe's Companies, Inc. is $216.65 per share, versus a market price of $198.68. That implies the stock is roughly fairly priced.
Fair Value
$216.65
Current Price
$198.68
Gap
+9%
Margin of Safety
8%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 6.6% annual free-cash-flow growth. We model 9.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 9.2% growth for five years fading to 2.5% over the next five, $11.83 EPS, $5.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LOW Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full LOW dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 21, 2026 | Nov 4, 2026 | $1.2500 | regular |
| Jul 22, 2026 | Aug 5, 2026 | $1.2500 | regular |
| Apr 22, 2026 | May 6, 2026 | $1.2000 | regular |
| Jan 21, 2026 | Feb 4, 2026 | $1.2000 | regular |
| Oct 22, 2025 | Nov 5, 2025 | $1.2000 | regular |
| Jul 23, 2025 | Aug 6, 2025 | $1.2000 | regular |
| Apr 23, 2025 | May 7, 2025 | $1.1500 | regular |
| Jan 22, 2025 | Feb 5, 2025 | $1.1500 | regular |
| Oct 23, 2024 | Nov 6, 2024 | $1.1500 | regular |
| Jul 24, 2024 | Aug 7, 2024 | $1.1500 | regular |
| Apr 23, 2024 | May 8, 2024 | $1.1000 | regular |
| Jan 23, 2024 | Feb 7, 2024 | $1.1000 | regular |
| Oct 24, 2023 | Nov 8, 2023 | $1.1000 | regular |
| Jul 25, 2023 | Aug 9, 2023 | $1.1000 | regular |
Income Calculator
At $5.00 / yr per share
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