Investors favor dividend stocks for two main reasons: they provide enticing total return potential and a steady, reliable stream of passive income.
Lowe's has increased its dividend annually for 52 years, establishing itself as a Dividend King, having a strong commitment to delivering value to shareholders.
The dividend payment of $1.15 underscores Lowe's management's commitment to consistent value amid adjusting guidance due to a soft housing market.
Since 2010, Lowe's dividend has grown about 1,178%, illustrating the company's ability to reward its investors even in challenging market conditions.
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