Lowe's Companies (LOW) will raise its quarterly dividend by 21.7 percent to $0.28 per share in 2015, marking 54 years of consecutive dividend increases. Last year the Dividend Aristocrat hiked its dividend by five cents to 23 cents quarterly per share.
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.