5 Best Dividend Stocks to Buy for Steady Growth

In this article, we will take a look at the 5 Best Dividend Stocks to Buy for Steady Growth. For deeper discussion and analysis, read 14 Best Dividend Stocks to Buy for Steady Growth. 

5. Lowe’s Companies, Inc. (NYSE:LOW)

5-Year Average Dividend Growth Rate: 15.35%

On May 12, Citi upgraded Lowe’s Companies, Inc. (NYSE:LOW) to Buy from Neutral and kept its price target unchanged at $285. The firm said it recommends buying some “cyclical share gainers” in the broadlines and hardlines retail group following the recent pullback in share prices. Citi expects Lowe’s to exceed Q1 consensus estimates and continue outperforming the broader industry. The analyst also said the shares look attractive in the current home improvement environment because of the company’s greater exposure to smaller projects.

On May 5, BofA reinstated Lowe’s at Neutral with a $260 price target. The firm previously had a Buy rating on the stock. According to the analyst, the risk/reward profile appears balanced at current levels since earnings growth remains limited and lacks a clear catalyst while housing activity stays subdued.

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement company. The company offers a full range of products for construction, maintenance, repair, remodeling, and decorating. Its home improvement products span several categories.