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How did a cash dividend impact Lowe's financial position?
On November 2, 2016, Lowe's Companies, Inc. (NYSE: LOW (Links to an external site.)) paid a cash dividend of $0.35 per share to shareholders of record as of October 19, 2016. The Lowe's Board of Directors declared this dividend on August 19, 2016.
As of the end of Lowe's 2015 year (January 29, 2016), Lowe's had 910 million shares of common stock issued and outstanding.
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