Lowe’s Companies, Inc. (NYSE:LOW) is included among the 15 Dividend Stocks that Have Raised Payouts for 20+ Years.Lowe’s Completes Acquisition of Foundation Building Materials to Strengthen Pro Customer Business
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Lowe’s Companies, Inc. (NYSE:LOW) is an American retailer focused on home improvement products and services. On October 9, the company announced the completion of its acquisition of Foundation Building Materials (FBM), a leading distributor of construction materials with more than 370 locations across the US and Canada.
This acquisition is expected to strengthen Lowe’s Companies, Inc. (NYSE:LOW) reach among professional customers by expanding its product selection, speeding up order fulfillment, enhancing digital capabilities, and adding a trade credit platform. It also opens the door for growth in key regions such as California, the Northeast, and the Midwest.
The FBM deal follows Lowe’s Companies, Inc. (NYSE:LOW) earlier acquisition of Artisan Design Group (ADG). Together, these purchases support Lowe’s broader strategy to build a complete interior solutions platform for homebuilders and to better position itself to benefit from trends in the housing market.
Beyond its expansion plans, Lowe’s Companies, Inc. (NYSE:LOW) is also recognized for its impressive dividend history, having raised its dividend for 60 consecutive years. The company’s quarterly dividend comes in at $1.20 per share and has a dividend yield of 1.98%, as of October 16.
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Lowe’s Completes Acquisition of Foundation Building Materials to Strengthen Pro Customer Business
Published 3 weeks ago
Oct 18, 2025 at 2:42 AM
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