#3 - Lowe’s (NYSE:LOW)
Earnings season may be winding down, but the Atlantic hurricane season is just getting started. And with two storms already making landfall in the United States this year, investors are reminded of why Lowe’s Companies Inc. (NYSE: LOW) has growth drivers that go beyond the housing market.
The home improvement stock has been mostly rangebound for the last three years. It’s up just 7.9% in the 12 months ending August 5, 2024, and is up just 8.1% in 2024. Still, the five-year total return is around 165%. That speaks to a consistency that investors can appreciate.
Lowe’s is another dividend king on this list. The company has increased its dividend for 53 consecutive years. Over the last three years, the average dividend growth is over 24%.
About Lowe's Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.
Read More - Current Price
- $273.27
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $263.54 (3.6% Downside)
