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Lowe’s (LOW ) reported its fourth quarter results before the opening bell on Wednesday, posting significant gains in revenue and earnings compared to last year’s Q4.
Lowe’s chairman, president and CEO Robert A. Niblock had the following comments: “I would like to thank our employees for their hard work and dedication. Their steadfast commitment to serving customers is critical to our success, and an important driver of this quarter’s strong results. We remain focused on improving our profitability even while investing in key capabilities to drive sales growth. Our transformation is gaining momentum, and macroeconomic fundamentals are aligned for modestly stronger home improvement industry growth in 2015.”
Lowe’s paid its most recent quarterly dividend of 23 cents on February 4. We expect the company to declare its next quarterly dividend in the coming month.
LOW stock was up $1.92, or, 2.57%, in pre-market trading. YTD, the stock is up 8.5%.
Lowe’s (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.