The housing market has rebounded sharply since the financial crisis in 2008, and homeowners have found themselves with the disposable cash necessary to contemplate improvements to their homes. Lowe's Companies (NYSE: LOW) always stands to benefit from increased spending on home improvement, whether it comes directly from do-it-yourself homeowners or indirectly from the professional contractors that many homeowners higher to do needed repairs. Lowe's has a long history of solid, dependable dividends, but with rates on the rise and some calling for a correction in housing, investors are right to ask whether the payout is safe. Let's take a closer look at Lowe's to see whether investors can be confident in its ability to keep its dividend moving higher.
Current Quarterly Dividend Per Share
$0.41
Source: Fool.com