Lowe's to shareholders: we're sharpening our focus
Simplifying the business, sharpening the focus and driving sales were three of the four keys to delivering enhanced value to shareholders, explained Lowe's President and CEO Marvin Ellison during the company's annual shareholders meeting May 31.
The fourth: recommitting the company's 300,000 employees to a culture of customer service.
"We are on the right path to make Lowe's an omnichannel retailer that provides an outstanding experience for our customers, a great place to work for our associates, and a company that delivers better, more consistent returns for shareholders," said Ellison.
Other news from the meeting: Ellison announced that the board of directors declared a 15% increase in its quarterly cash dividend to 55 cents per share, payable Aug. 7, 2019, to shareholders of record as of July 24, 2019. The company pointed to the fact that it has declared a cash dividend every quarter since going public in 1961.
At the meeting, shareholders elected board members Raul Alvarez, David H. Batchelder, Angela F. Braly, Sandra B. Cochran, Laurie Z. Douglas, Richard W. Dreiling, Marvin R. Ellison, James H. Morgan, Brian C. Rogers, Bertram L. Scott, Lisa W. Wardell and Eric C. Wiseman to serve until the 2020 Annual Meeting of Shareholders. Richard Dreiling, chairman of the board, recognized outgoing board member Marshall O. Larsen upon his retirement from the board after 15 years of service.
The fourth: recommitting the company's 300,000 employees to a culture of customer service.
"We are on the right path to make Lowe's an omnichannel retailer that provides an outstanding experience for our customers, a great place to work for our associates, and a company that delivers better, more consistent returns for shareholders," said Ellison.
Other news from the meeting: Ellison announced that the board of directors declared a 15% increase in its quarterly cash dividend to 55 cents per share, payable Aug. 7, 2019, to shareholders of record as of July 24, 2019. The company pointed to the fact that it has declared a cash dividend every quarter since going public in 1961.
At the meeting, shareholders elected board members Raul Alvarez, David H. Batchelder, Angela F. Braly, Sandra B. Cochran, Laurie Z. Douglas, Richard W. Dreiling, Marvin R. Ellison, James H. Morgan, Brian C. Rogers, Bertram L. Scott, Lisa W. Wardell and Eric C. Wiseman to serve until the 2020 Annual Meeting of Shareholders. Richard Dreiling, chairman of the board, recognized outgoing board member Marshall O. Larsen upon his retirement from the board after 15 years of service.