The home improvement retail giant Lowe's has announced that its board of directors has approved an increase in the quarterly cash dividend from $1.20 to $1.25 per share, representing a rise of approximately 4%. This dividend hike marks more than 25 consecutive years of annual dividend increases, solidifying the company's status as a "Dividend Aristocrat."

The increased dividend will be payable on August 5, 2026, to shareholders of record as of July 22, 2026. Since its initial public offering in 1961, Lowe's has consistently paid a quarterly cash dividend without interruption.

Marvin Ellison, Chairman, President and Chief Executive Officer of Lowe's, stated that he is pleased with the company's continued disciplined execution and simultaneous investments in its future "Total Home Strategy." The momentum built from the company's strategic initiatives continues to lay the foundation for Lowe's long-term growth. This dividend increase demonstrates the board's confidence in the company's trajectory, disciplined capital allocation strategy, and commitment to creating sustainable value for shareholders.

This dividend increase comes at a time of strong financial performance for Lowe's. The company's previously reported first-quarter earnings showed revenue of $23.08 billion, a 10.3% year-over-year increase, with comparable sales growth positive for the fourth consecutive quarter. Adjusted earnings per share were $3.03, up 3.8% year-over-year. Online sales grew by 15.5%, and both the Pro and home services businesses maintained their growth momentum.

Lowe's reaffirmed its full-year guidance for fiscal 2026, expecting total sales in the range of $92 billion to $94 billion. Adjusted earnings per share are projected to be between $12.25 and $12.75. The company will continue to advance its Total Home Strategy, driving long-term growth through technology investments, artificial intelligence applications, and expansion of its Pro business.

Headquartered in Mooresville, North Carolina, Lowe's reported total sales exceeding $86 billion in fiscal 2025. The company employs approximately 300,000 people and operates more than 1,750 stores. As the world's second-largest home improvement retailer, Lowe's continues to create value for shareholders through dividends and share repurchases.