Lowe's may announce 64th dividend increase

Lowe’s Companies has not yet announced a new dividend increase as of Sunday, May 17, 2026, according to the company’s investor relations site and recent press releases. Investor attention has centered on whether the home-improvement retailer will raise its payout again later in May, after increasing its quarterly dividend a year earlier. The company’s public calendar shows two near-term events: a first-quarter 2026 earnings conference call on May 20 and its 2026 annual meeting of shareholders on May 29. Lowe’s has not posted a dividend-increase release for 2026 so far, and its most recent dividend declaration kept the quarterly payout at $1.20 per share. A separate analyst action added to the focus on Lowe’s shares last week. MarketScreener said Bernstein cut its price target on Lowe’s to $281 from $303 on May 14 while maintaining an “outperform” rating. ### When did Lowe’s last raise its dividend? Lowe’s board announced a dividend increase on May 30, 2025, raising the quarterly cash dividend to $1.20 per share from $1.15, according to a company press release. The company said the increase was 4% and set payment for Aug. 6, 2025, to shareholders of record on July 23, 2025. Marvin R. Ellison, Lowe’s chairman, president and chief executive, said at the time that the increase reflected the board’s confidence in the company’s investments and its commitment to “sustainable shareholder value through a disciplined capital allocation strategy.” (corporate.lowes.com) ### What has Lowe’s said most recently about its dividend? Lowe’s declared a quarterly cash dividend of $1.20 per share on March 19, 2026, with payment on May 6, 2026, to shareholders of record as of April 22, 2026, the company said in its latest dividend press release. That announcement did not include an increase from the prior rate. (corporate.lowes.com) The company’s dividend history page and newsroom listings available through May 17 do not show a newer dividend announcement. That means any expectation of a fresh increase remains just that until Lowe’s issues a board-approved release. ### Why are investors watching late May? Lowe’s investor calendar lists its first-quarter 2026 earnings call for May 20 at 9:00 a.m. (corporate.lowes.com) EDT and its annual meeting for May 29 at 10:00 a.m. EDT. Those are the next scheduled public events on the company’s site and the most obvious dates for investors to monitor for any capital-allocation update. The 2026 proxy statement also asks shareholders to vote at the annual meeting on Friday, May 29, 2026. (corporate.lowes.com) In that filing, Lowe’s described itself as a “Dividend Aristocrat” and said it operated 1,759 home improvement stores and outlets across the 50 U.S. states. ### What do Lowe’s filings say about shareholder returns? (corporate.lowes.com) Lowe’s 2025 proxy materials said the company returned $6.5 billion to shareholders in 2024, describing that approach as part of its disciplined capital allocation strategy. The filing also highlighted management’s “Total Home” strategy and recent acquisitions including Artisan Design Group and Foundation Building Materials. (corporate.lowes.com) The company’s 2025 annual report said Lowe’s operated 1,748 home improvement stores and outlets as of Jan. 31, 2025. Its corporate site now says the company serves about 16 million customer transactions a week in the United States and generated more than $83 billion in fiscal 2024 sales. ### What are analysts saying about the stock? (sec.gov) MarketScreener reported on May 14 that Bernstein lowered its Lowe’s price target to $281 from $303 and kept an outperform rating. The same page showed Wells Fargo cutting its target to $260 from $290 while maintaining an overweight rating. Seeking Alpha’s Lowe’s symbol page showed the stock closing at $218.42 on May 15. (sec.gov) Benzinga’s analyst-ratings page said the most recent targets from Wells Fargo, Bernstein and Truist implied upside from that level, though those figures can change as firms update models. ### What should investors watch next? May 20 is Lowe’s next scheduled earnings date, and May 29 is its annual meeting date, according to the company’s investor relations calendar. (marketscreener.com) Any new dividend increase would typically appear in a Lowe’s press release or SEC-linked investor materials once approved by the board. (corporate.lowes.com) (seekingalpha.com)