#2 - Lowes (NYSE:LOW)
Lowe’s (LOW) -You can argue that for the home building sector, Home Depot (NYSE:HD) is a better stock, and I couldn’t put up much of an argument. But as a pure dividend stock, I’ll give Lowe’s (NYSE:LOW) the nod. One of the catalysts for the company is the housing market that is starting to heat up. With interest rates likely to stay at their current levels, prospective buyers seem to be warming up to the idea that now is the time to get in on historically low rates. And with consumer confidence remaining high as well as low unemployment, this is a trend that is likely to remain in place throughout 2020.
Lowe’s does have some work to do in terms of its e-commerce operation. But that shouldn’t be an issue to the security and growth of its dividend. The company has increased its annual dividend for over 50 years, in many cases raising it at double-digit rates. All of this is to say, you can rely on the company’s dividend. And you may even get some growth.
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
- $265.22
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $277.92 (4.8% Upside)
