Lowe's Major Buy Back!

"Right tighty?" #pause I know y'all like that commercial! Let's take a moment as a matter of fact...





Lowe's, America's second-largest home improvement retailer guess who holds the #1 spot, reported today that it will buy back up to $5 billion of its common stock. The Mooresville, North Carolina-based company stated it plans to use the full amount over the next two to three years. Aggressive plan no doubt, and I foresee vast improvements in Lowe's TOTAL package.

Lowe's Board of Directors also announced that it is declaring a regular quarterly dividend of 14 cents. The dividend will be paid on Nov. 2 to shareholders of record on Oct. 19. And last week Lowe's reported that its second-quarter net income was nearly flat. They are not alone. Companies across sectors saw flat second quarters.

We'll blame the economy.

You can find a Lowe's in the U.S., Canada, or Mexico. They operate just over 1,700 stores in the three countries. Shares of the company closed Friday at $19.31 per.

SCREAM @ ME!!!