Lowe’s Companies Inc (Symbol: LOW) reported a dividend yield exceeding 2% on Thursday, trading at a low of $205.37 for an annualized dividend of $4.20. This marks Lowe’s as an attractive investment option within the S&P 500, given its longstanding history of growing dividends for over 20 consecutive years.
Consider the broader context: investors who purchased shares in the S&P 500 ETF (SPY) in 1999 experienced a decline in share value by 2012, yet received $25.98 per share in dividends, yielding a total return of 23.36%. This highlights the importance of dividend income in overall investment returns, making Lowe’s current yield appealing.
