Dividend Stock Portfolio For Income: 12 Stocks to Buy Now

5. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 75

Lowe’s Companies, Inc. (NYSE:LOW) is an American home improvement company that serves both DIY customers and professional builders, offering a broad selection of products such as building supplies, tools, appliances, and outdoor and garden items. Its strong brand reputation, efficient supply chain, and well-executed omnichannel strategy reinforce its position as a leader in the home improvement space. With solid business operations and a disciplined financial approach, the company appears well-positioned to continue delivering steady dividend growth over the long run.

For the fiscal year ending in January, Lowe’s Companies, Inc. (NYSE:LOW) expects comparable sales to range from flat to a modest 1% increase. While not indicative of major growth, it also signals that revenue declines aren’t anticipated. This stability is encouraging for dividend-focused investors, as it shows the company’s ability to hold steady even in difficult economic conditions, a reflection of its resilience and diversified business model.

Lowe’s Companies, Inc. (NYSE:LOW) is also a Dividend King with 60 consecutive years of dividend growth. The company’s quarterly dividend comes in at $1.20 per share and has a dividend yield of 1.78%, as of September 18.