Lowe's (LOW) Dividend Increase

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On 30 May, Lowe's (LOW) increased its dividend by 4.35%, from $1.15 to $1.20¢ per share.

The dividend is payable on 6 August to shareholders of record on 23 July.

LOW's forward yield is 2.13% at $225.73 per share.

Source: Simply Safe Dividends

I own 100 LOW shares at an average cost of $92.50 per share. LOW's contribution to DivGro's projected annual dividend income will increase by $20 to $480.

My yield on cost is now 5.19%.

Since I opened my position in April 018, the stock has generated a total return of 169%, including $2,328 in dividend income. That's a splendid annualized rate of return of 14.9%!

LOW became DivGro's 34^th Home Run stock in February 2021, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date