After catching strong double-bottom support, shares of Lowe’s (LOW) are starting to recover lost ground. It’s also still oversold but pivoting higher, from overextensions on RSI, Williams’ %R, and Full Stochastics. From its last traded price of $214.50, we’d like to see it rally back to $228.81 initially, which it last tested on July 6.

Even better, while we wait for the LOW stock to push higher, we can collect its dividends. The company recently declared a quarterly cash dividend of $1.25 per share, payable Aug. 5, 2026, to shareholders of record as of July 22, 2026. This represents a 4% increase over the company’s previous dividend of $1.20 a share.

“I am pleased with our company’s continued disciplined execution while at the same time investing in our Total Home strategy for the future. The momentum we are building across our strategic initiatives continues to position Lowe’s for long-term growth,” said Marvin R. Ellison, Lowe’s chairman, president, and CEO. “Today’s dividend increase underscores the board’s confidence in the company’s trajectory, our disciplined capital allocation strategy and our commitment to delivering sustainable shareholder value.”

Lowe’s has paid a cash dividend every quarter since going public in 1961. It has increased the dividend for more than 25 consecutive years and is a Dividend Aristocrat.

Sincerely,

Ian Cooper