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Monday, October 18, 2010

Getting Close to the 52 week LOW (NYSE: LOW)

BINGHAMTON- Shares of Lowes Companies the home improvement retailer which operates over 1600 stores in Canada and The U.S. is quickly approaching its 52 week low of $19.15. The stock has failed to rally over the month of September despite over a 10% gain in the S&P index. Today Lowes had their Ex-Date for their dividend which mean shareholders on record as of today will have a share in their juicy 2% yield. Lowes recently raised their dividend this year and recorded a near record profit number in their last quarter. Despite this the stock is well off its 2007 highs.

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