How To Earn $1,000 Per Month From Lowe's Cos. Stock
Portfolio Pulse from Shankar Iyer
Lowe's Cos. Inc. (NYSE:LOW) stock is near its 52-week high, with a closing price of $225.59 on Dec. 15. The company reported dividend expenses of $633 million for the quarter and $1.899 billion for the first three quarters of 2023. The cash dividend per share for the first three quarters was $3.25, up from $2.90 per share in the same period in 2022. The annualized dividend is approximately $4.33, yielding 1.92% based on the Dec. 15 stock price. To earn $1,000 per month from dividends, an investment of about $625,000 is needed, equating to 2,771 shares at $225.59 each.
December 26, 2023 | 4:30 pm
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POSITIVE IMPACT
Lowe's Cos. Inc. has a strong dividend yield and is trading near its 52-week high, indicating a stable investment for dividend-seeking investors. The increase in dividend per share from 2022 to 2023 suggests a positive trend in shareholder returns.
The stock is trading near its 52-week high, which could attract investors looking for stable dividend-paying stocks. The increase in dividend per share compared to the previous year indicates the company's commitment to returning value to shareholders, which could positively influence the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100