Lowe's (LOW) Announces 2-for-1 Stock Split; Raises Dividend

May 25, 2006 9:17 AM EDT
Lowe's Companies, Inc. (NYSE: LOW) announced today it has approved a two- for-one split of its common shares. Shareholders will receive one additional share for each share held as of the June 16, 2006 record date. The additional shares will be issued on June 30, 2006.

The Board also declared a 67 percent increase in the quarterly cash dividend to $0.10 per share; $0.05 per share on a post-split basis. This dividend will be paid on August 4, 2006 to shareholders of record on July 21, 2006.

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