Lowe's Companies, Inc. Declares Cash Dividend

Apr 03, 2001, 01:00 ET from Lowe's Companies, Inc.

    WILKESBORO, N.C., April 3 /PRNewswire/ -- The Board of Directors for
 Lowe's Companies, Inc. (NYSE:   LOW) has declared a quarterly cash dividend of
 three and one-half cents (3 1/2 cents) per share, payable May 4, 2001, to
 shareholders of record as of April 20, 2001.
     Lowe's has paid a cash dividend each quarter since going public in 1961.
     Recently, Lowe's reported net earnings of $809.9 million for fiscal 2000,
 a 20 percent increase over the same period a year ago.  Diluted earnings per
 share increased 21 percent to $2.11 from $1.75 in 1999.
     Lowe's Companies, Inc. is the world's second largest home improvement
 retailer.  Headquartered in Wilkesboro, N.C., Lowe's is the 15th largest
 retailer in the U.S. as well as the 34th largest retailer worldwide.  Lowe's
 and its 100,000 employees are Improving Home Improvement for nearly five
 million do-it-yourself retail and commercial business customers each week.
 Additional company information is available at www.lowes.com.
 
 

SOURCE Lowe's Companies, Inc.
    WILKESBORO, N.C., April 3 /PRNewswire/ -- The Board of Directors for
 Lowe's Companies, Inc. (NYSE:   LOW) has declared a quarterly cash dividend of
 three and one-half cents (3 1/2 cents) per share, payable May 4, 2001, to
 shareholders of record as of April 20, 2001.
     Lowe's has paid a cash dividend each quarter since going public in 1961.
     Recently, Lowe's reported net earnings of $809.9 million for fiscal 2000,
 a 20 percent increase over the same period a year ago.  Diluted earnings per
 share increased 21 percent to $2.11 from $1.75 in 1999.
     Lowe's Companies, Inc. is the world's second largest home improvement
 retailer.  Headquartered in Wilkesboro, N.C., Lowe's is the 15th largest
 retailer in the U.S. as well as the 34th largest retailer worldwide.  Lowe's
 and its 100,000 employees are Improving Home Improvement for nearly five
 million do-it-yourself retail and commercial business customers each week.
 Additional company information is available at www.lowes.com.
 
 SOURCE  Lowe's Companies, Inc.

RELATED LINKS

http://www.lowes.com