|Day's Range||82.15 - 84.19|
|52 Week Range||64.87 - 86.25|
|PE Ratio (TTM)||23.73|
|Dividend & Yield||1.40 (1.66%)|
|1y Target Est||N/A|
Shares in Lowe's (LOW) were falling Tuesday, a day before its first quarter earnings release. Plus, there may be more positive news for investors in the form of a big dividend increase just around the corner. Research firm IHS Markit issued a report Tuesday predicting that Lowe's will hike its dividend 17% next week to 41 cents a share, which would keep it at the 35% payout ratio it has maintained for the last five years.
The home improvement sector has a lot of momentum and Lowe's should be able to capture that strength.
Consumers have stable, dependable income and view upgrades to their home as an investment, not a cost.