Lowe's Just Reported Earnings. Here's Whether the Dividend Stock Is Still a Buy.

Lowe’s Companies reported fiscal second-quarter results for the period ended July 31, showing weak same-store performance of just 0.2% growth. Management said macroeconomic pressures are dampening do-it-yourself customers’ willingness to start projects, though sales to professional contractors—an emphasis area—were strong. For the full year, the company now expects flat comps, down from its prior 0% to 2% outlook. Even with the cautious near-term stance, Lowe’s continues to build shareholder value through dividends, raising the quarterly payout by more than 4% to $1.25 per share, implying a 2.3% yield.