Black executive Marvin Ellison-led Lowe’s to return $676 million to shareholders in Q2 dividend

Lowe’s Companies Inc., led by one of the world’s highest-ranking Black CEOs, Marvin Ellison, has declared a quarterly cash dividend of $676.17 million.  The payout amounts to $1.20 per share, continuing a record of steady returns for shareholders and reinforcing the company’s commitment to long-term value.

The announcement followed a stronger-than-expected second quarter, in which comparable sales rose 1.1 percent—its best performance in more than two years. Net earnings for the three months ended Aug. 1, 2025, came in at $2.4 billion, up from $2.3 billion a year earlier. 

Earnings per share increased to $4.27 from $4.17, while adjusted EPS rose 5.6 percent to $4.33, excluding costs tied to the Artisan Design Group acquisition. Overall sales grew 1.7 percent to $24 billion, with gains across both Pro and DIY segments, despite weather-related challenges early in the quarter.

Lowe’s boosts dividend, reinforces investor confidence

Chairman, President, and CEO Marvin Ellison credited the results to solid performances across customer segments. “Our teams delivered positive comparable sales this quarter, supported by strong Pro and DIY demand.” 

Ellison also expressed appreciation, he said: “I’d also like to thank our front-line associates for their outstanding service, which once again drove an increase in customer satisfaction scores. In June, we also completed the ADG acquisition, which strengthens our ability to win a larger share of Pro spend and extends our reach into new home construction.”

Lowe’s has paid a quarterly dividend since going public in 1961 and has increased it annually for more than 25 years. The new payout of $1.20 per share, up from $1.15, represents a 4.35 percent rise and will be distributed on Nov. 5, 2025. The consistent increases highlight Lowe’s ability to balance reinvestment in the business with returning cash to shareholders.

Lowe’s expands footprint, strengthens financial position

With more than 1,700 stores across the U.S. and Canada and nearly 300,000 employees, Lowe’s remains one of the largest names in home improvement retail. Its retail footprint covers 1,750 locations and more than 195 million square feet of selling space.

As of mid-fiscal year, total assets rose 3.74 percent to $46.61 billion, showing continued financial strength. Ellison, who has led the company since 2018, also owns 0.13 percent of Lowe’s shares—around 748,000 ordinary shares—valued at about $189 million.

Lowe’s long-running dividend policy, sustained for more than six decades, underscores its focus on financial discipline and steady growth. The latest increase reflects the company’s confidence in its strategy and its commitment to creating lasting value for shareholders.