Company: Lowe’s Companies Inc. (LOW)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Lowe’s is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, LoweÕs Canada, Rno-Dpt, and DickÕs Lumber). The firmÕs stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe’s targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe’s captures a high-single-digit share of the domestic home improvement market, based on US Census data and managementÕs market size estimates. -Morningstar.com-
Symbol: LOW
Recent Price: $241.80
Dividends: $4.60
Yield: 1.90%
Sector: Consumer Cyclical
Industry: Home Improvement Retail
Address & Company Phone #: 1000 Loweas Blvd. Mooresville NC 28117, 704-758-1000
Transfer Agent: Computershare 877-282-1174
Moody’s Rating: Baa1
Minimum & Maximum Investment: $25 – $250,000/year
Investment Dates: Every 7 days beginning Thursday
Shares to Qualify: 1 Share or $250
Fees: Div.: 5% of amount invested up to $2.50 Max Cash: $5+5¢/sh. Cert: $0! Sells: by Mail or Phone for $25+12¢/sh.
52 Week High & Low: $237.21, $181.85