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Stifel Nicolaus Downgrades Both Home Depot and Lowe’s to “Hold” (HD, LOW)

Posted By Michael Flannelly On February 21, 2013 @ 9:40 am In Dividend Stocks | Comments Disabled

Early on Thursday, analysts at Stifel Nicolaus downgraded home improvement retailers The Home Depot, Inc. (HD) and Lowe’s Companies, Inc. (LOW).

The analysts downgraded HD and LOW from “Buy” to “Hold.”

Home Depot shares were down 90 cents, or -1.35%, during morning trading on Thursday, while Lowe’s shares were down 88 cents, or -2.28%.

The Bottom Line
Shares of Home Depot (HD) have a dividend yield of 1.75% based on last night’s closing price of $66.44 and the company’s annualized dividend payout of $1.16 per share. Shares of Lowe’s (LOW) have a dividend yield of 1.66% based on last night’s closing price of $38.64 and the company’s annualized dividend payout of 64 cents per share.

The Home Depot, Inc. (HD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Lowe’s Companies, Inc. (LOW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.


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