Lowe’s (LOW) Dividend Growth Makes it a Top Pick for Retirement Dividend Stocks

Lowe’s Companies, Inc. (NYSE:LOW) is included among the 10 Best Dividend Stocks to Buy for Retirement.

A family excitedly browsing through the aisles of a home improvement retail store.

Lowe’s Companies, Inc. (NYSE:LOW) has been operating for over 100 years and was once the top home improvement retailer in the United States. Today, it ranks second behind Home Depot, with more than 1,700 stores across the country. While the company once had an international presence, it has since exited markets such as Australia, Mexico, and Canada.

Lowe’s Companies, Inc. (NYSE:LOW) caters to both DIY homeowners and professional contractors, offering a wide range of products, including construction materials, tools, home appliances, and gardening supplies. The company maintains its competitive strength through a trusted brand name, an efficient supply chain, and a successful omnichannel model that supports its leadership in the industry. Backed by solid operations and a careful financial strategy, the company seems well-equipped to sustain its dividend growth over the long term.

In addition, Lowe’s Companies, Inc. (NYSE:LOW) holds a strong dividend history. The company has paid regular dividends to shareholders since 1961, while raising its payouts for 60 years in a row. LOW pays a quarterly dividend of $1.20 per share and has a dividend yield of 2.11%, as of July 30.

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Disclosure: None.