5 Best Retail Dividend Stocks to Buy

3. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 67

Lowe’s Companies, Inc. (NYSE:LOW) is a North Carolina-based retail company that specializes in home improvement products and services. The company currently pays a quarterly dividend of $1.10 per share, having raised it by 5% in May this year. This marked the company’s 59th consecutive year of dividend growth. With a dividend yield of 1.91% as of July 19, LOW is one of the best dividend stocks on our list.

As of the close of Q1 2023, 67 hedge funds in Insider Monkey’s database reported having stakes in Lowe’s Companies, Inc. (NYSE:LOW), compared with 68 in the previous quarter. These stakes have a consolidated value of over $5 billion. With over 10 million shares, Pershing Square was the company’s leading stakeholder in Q1.

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