5 Best Building Materials Stocks to Buy for the Residential Recovery

3. Lowe’s Companies, Inc. (NYSE:LOW)

Short Percentage of Shares Outstanding: 1.77% 

On June 11, Lowe’s Companies, Inc. (NYSE:LOW) announced a new multi-year partnership with Live Nation aimed at providing MyLowe’s Rewards and MyLowe’s Pro Rewards members with exclusive live entertainment experiences. Through the collaboration, members will gain access to a variety of concert-related benefits, including discounted children’s tickets with the purchase of an adult lawn ticket, complimentary lawn chair rentals at select events for eligible members, and sweepstakes opportunities to win free concert tickets throughout the year. The initiative is designed to enhance customer engagement by extending the value of Lowe’s loyalty programs beyond traditional retail offerings and creating additional benefits for members.

On May 29, Lowe’s Companies, Inc. (NYSE:LOW) board of directors approved a quarterly cash dividend of $1.25 per share, payable on August 5 to shareholders of record as of July 22. The new dividend represents a 4% increase from the company’s previous quarterly payout of $1.20 per share, reflecting management’s continued commitment to returning capital to shareholders and confidence in the company’s financial position and cash flow generation capabilities.

Founded in 1921 and headquartered in Mooresville, North Carolina, Lowe’s Companies, Inc. (NYSE:LOW) is a premier home improvement retailer. It serves both DIY homeowners and contractors by providing crucial building materials, appliances, and trade services to support home renovations, repairs, and property value appreciation.