✉news BusinessReal Estate first seen 8 d ago, last 7 d ago, peak #5
Lowe's Dividend Streak Faces Test From Frozen Housing Market
Original: Lowe’s Keeps Raising Its Dividend. A Frozen Housing Market Could Test That Streak
Lowe's has continued raising its dividend, maintaining a long streak of payout increases even as the US housing market stays largely frozen by high mortgage rates and low transaction volumes. Analysts note the home improvement retailer's sales depend heavily on housing turnover and remodeling activity, so a prolonged slump in home sales could eventually pressure cash flows and make further dividend growth harder to sustain.
Why now: Investors are weighing whether a stalled housing market threatens Lowe's long-running dividend growth streak.
Evidence
- Lowe’s Keeps Raising Its Dividend. A Frozen Housing Market Could Test That Streak · 24/7 Wall St.
- Lowe’s Keeps Raising Its Dividend. A Frozen Housing Market Could Test That Streak · Yahoo Finance
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