Lost in the myriad of stories hitting the markets last week were several key dividend announcements.
Lowe’s announced today that their Board of Directors has increased their quarterly dividend by 6% to $.09 per share.
The Home Depot announced today that their Board of Directors has approved a cash dividend for the 89th consecutive quarter.
Home Depot announced a quarter dividend of $.225 per share and appears well positioned to maintain their dividend in 2009.