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Lowe's raises dividend for 64th consecutive year, P/E ratio hits a decade low at 16.9.

Analyst Insights
07 Sep 2026
Seeking Alpha
View Source
Bullish
Lowe's raises dividend for 64th consecutive year, P/E ratio hits a decade low at 16.9.

Lowe's, a major American home improvement retailer, has increased its dividend for 64 straight years, marking one of the longest dividend growth streaks globally. The company, valued at $117 billion with over 1,700 stores, shows a strong financial position despite negative common equity due to extensive buybacks. Its price-to-earnings (P/E) ratio has dropped to 16.9, the lowest in the past decade, signaling potential value for investors. This consistent dividend growth and attractive valuation make Lowe's notable for long-term dividend investors.

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