Could Lowe's Be a Millionaire-Maker Stock?

Home improvement chain Lowe's (NYSE: LOW) is a Dividend King, which means it has raised its dividend annually for the past 50 years. That's no small feat, and it indicates the dividend is stable, if not very high-yielding, at 1.5%.

But what can investors expect from the stock price? Lowe's shares gained about 85% over the past three years, versus the S&P 500's 39% rise. Where is it going, and can it make you a millionaire?

As recently as the fiscal 2019 fourth quarter (which was a year ago), comps were a meager 2.5%. Sales came almost entirely from physical stores, even as most of the rest of the world, including rival Home Depot (NYSE: HD), were already heavily into digital. CEO Marvin Ellison, who came on board at the end of 2018 and quickly began to revamp operations, said at that time, "We are entering 2020 from a position of strength and remain confident that our focus on retail fundamentals combined with technology improvements will continue to pay dividends across the business."

Source Fool.com