12 Best Consumer Cyclical Dividend Stocks to Buy Right Now

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 70

Lowe’s Companies, Inc. (NYSE:LOW) is a North Carolina-based home improvement company. In the fourth quarter of 2024, the company posted revenue of $18.55 billion, down 0.2% from the same period last year. Comparable sales for the quarter saw a 0.2% increase, supported by high-single-digit growth in Pro and online sales, a strong holiday season, and rebuilding efforts following recent hurricanes. However, this growth was partially offset by ongoing short-term challenges in discretionary spending within the DIY segment.

In recognition of employees’ dedication to providing excellent customer service, the company awarded $80 million in discretionary bonuses to frontline associates. As of January 31, 2025, Lowe’s Companies, Inc. (NYSE:LOW) operated 1,748 stores, encompassing 195.0 million square feet of retail selling space.

Lowe’s Companies, Inc. (NYSE:LOW) reported a strong cash position in the most recent quarter. The company ended Q4 with nearly $1.8 billion in cash and cash equivalents, compared with $921 million in the prior-year period. In FY24, it generated an operating cash flow of $9.7 billion, up from $8.1 billion in the same period last year. The company also generated $6.5 billion to shareholders through dividends and share repurchases. Currently, it offers a quarterly dividend of $1.15 per share and has a dividend yield of 1.92%, as of March 4. LOW is one of the best dividend stocks on our list as the company has raised its payouts for 59 years in a row.