Should You Buy This Blue Chip Dividend Stock for Your Portfolio?
If your investment objectives have led you toward a strategy based on income investing, it's crucial that you invest in businesses that can continue to pay dividends.
Home improvement retailer Lowe's Companies (NYSE: LOW) hasn't just maintained its dividend; year after year, for 49 years straight, the company has raised the payout. That puts Lowe's just a year away from becoming a verifiable Dividend King. But does this mean the stock is a good fit for your portfolio? Let's discuss Lowe's fundamentals and valuation to help decide.
Completing 17 million weekly customer transactions in the U.S. across 1,700-plus home improvement stores, Lowe's is a major player in the home improvement retail industry. Thanks to its strong brand recognition and scale, the company's $133 billion market capitalization is topped only by the $329 billion market value of Home Depot within its industry.
Source Fool.com
