Lowe’s (LOW): 50+ Consecutive Years of Dividend Growth

Lowe's (LOW) has paid a dividend each quarter since going public in 1961. Even more impressive, the company has raised its dividend for 53 consecutive years – a feat achieved by fewer than 15 companies.

Not surprisingly, LOW has a handful of competitive advantages that have enabled it to enjoy meaningful growth. While the stock is not currently in our Top 20 Dividend Stocks portfolio, it's one that long-term dividend growth investors should keep on their radar.

Let's take a closer look at the business.

Business Overview

LOW was founded in 1946 and is the world's second largest home improvement retailer. The company operates over 1,800 home improvement and hardware stores (almost all in the U.S.) and helps homeowners, renters,...