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Lowe's hikes quarterly dividend YOY

Lowe's Cos. Inc. said March 23 that its board declared a quarterly cash dividend of 41 cents per share, up from 35 cents in March 2017.

The dividend will be payable May 9 to shareholders of record as of April 25.

The U.S. home improvement and appliance retailer on Feb. 28 posted fourth-quarter net earnings of $554 million, down from $663 million in the year-ago period.