WILKESBORO, N.C., April 4 /PRNewswire-FirstCall/ -- The Board of Directors
for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend
of two-and-one-half cents (2 1/2c) per share, payable May 2, 2003, to
shareholders of record as of April 17, 2003.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000720/LOWES )
Lowe's has paid a cash dividend each quarter since going public in 1961.
Recently, Lowe's reported net earnings of $1.47 billion for fiscal 2002, a
44 percent increase over the same period a year ago. Diluted earnings per
share increased 42 percent to $1.85 from $1.30 in 2001.
With 2002 sales of $26.5 billion, Lowe's Companies, Inc. is a FORTUNE 100
company that serves approximately nine million customers a week at more than
850 home improvement stores in 45 states. In 2003, FORTUNE named Lowe's
America's Most Admired Specialty Retailer. Based in Wilkesboro, N.C., the 57-
year old company is the second-largest home improvement retailer in the world.
For more information, visit Lowes.com.
SOURCE Lowe's Companies, Inc.
/CONTACT: Shareholders and Analysts, Paul Taaffe, +1-336-658-5239, or
Media, Chris Ahearn, +1-336-658-7387/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000720/LOWES
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 212-782-2840/
/Web site: http://www.lowes.com /
CO: Lowe's Companies, Inc.
ST: North Carolina
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2798 04/04/2003 15:32 EST http://www.prnewswire.com