Lowe’s, led by Marvin Ellison, declares $672 million quarterly dividend

Key Points

• Lowe’s announced a $672 million quarterly dividend, or $1.20 per share, marking a 4% increase and reaffirming its commitment to sustainable shareholder returns.
• Despite a 1.7% sales decline due to weather, Lowe’s saw mid-single-digit growth in Pro and online sales, highlighting resilience in key segments.
• CEO Marvin Ellison leads strategic investments and balance sheet improvements, reinforcing Lowe’s position as a Fortune 50 home improvement leader.

Lowe’s Companies Inc. led by one of the world’s highest-ranking Black CEOs, Marvin Ellison, has announced a quarterly dividend totaling $672.01 million. The dividend, which translates to a payout of $1.2 per share for its shareholders, reaffirms its strong dividend track record and ongoing commitment to shareholder value.

The announcement follows a slightly softer first quarter performance in 2025, during which Lowe’s posted earnings per share (EPS) of $2.92, down from $3.06 in the same period in 2024. Net earnings for the quarter ended May 2, 2025, stood at $1.6 billion, while total sales declined by 1.7 percent to $20.9 billion from $21.4 billion a year earlier. This dip was largely due to unfavorable weather early in the quarter, though it was partially offset by mid-single-digit growth in Pro and online sales.

Lowe’s boosts dividend, reinforces investor confidence

Chairman, President, and CEO Marvin Ellison said Lowe’s remains committed to delivering value to shareholders, pointing to steady dividend growth and a disciplined approach to managing capital. “We are pleased with the ongoing transformation of the company, despite near-term challenges in the macro environment. We’re evolving our Total Home strategy to capitalize on the expected recovery in home improvement, and we continue to make the right investments in long-term growth,” he said.

Lowe’s has paid a quarterly dividend since it went public in 1961 and has raised that payout every year for more than 25 years. That track record underscores the company’s financial stability and long-term planning. Its latest dividend increase—to $1.2 per share, up from $1.15—reflects that consistency. The new payout, scheduled for August 6, 2025, shows Lowe’s confidence in its strategy and its focus on returning value to shareholders through thoughtful reinvestment.

Lowe’s expands footprint, strengthens financial position

Lowe’s, a major Fortune 50 company in the home improvement sector, operates over 1,700 stores across the United States and Canada with roughly 300,000 associates. Its retail footprint spanned 1,750 locations and 195.3 million square feet of selling space, reinforcing its position as a market leader. 

In the first half of 2025, total assets edged up 0.02 percent to $45.37 billion, reflecting steady financial health. Under the leadership of Chairman and CEO Marvin Ellison, Lowe’s has continued to strengthen its balance sheet. Ellison also holds a 0.13 percent stake in Lowe’s Companies Inc.—amounting to 748,000 ordinary shares—currently valued at nearly $200 million.

Lowe’s long-standing dividend policy, in place for over a century, reflects its dedication to maintaining a solid financial position and delivering long-term value to shareholders through prudent financial management, strategic investments, and consistent dividend payouts.