Lowe's Companies (LOW) will raise its quarterly dividend by 12.5 percent to $0.18 per share in 2013. The Dividend Aristocrat has now increased its annual dividend by double digits every year since 2010.
Lowe's Companies, Inc. is a home improvement retailer. The company operates home improvement and hardware stores in The United States, Canada and Mexico. The Canadian Stores include RONA Inc., acquired by Lowe's in 2016. The company's customers include homeowners, renters, and professional customers. Lowe's was founded in 1946, incorporated in North Carolina in 1952 and has declared a cash dividend every quarter since going public in 1961.