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40 LOWE’S COMPANIES, INC.
480240120
’92’83 ’94 ’98 ’01’81’76’72’71’69’66’61
60
30
18
12
8
6
4
2
1
Lowe’s Quarterly Stock Price Range and Cash Dividend Payment*
Fiscal 2003 Fiscal 2002 Fiscal 2001
High Low Dividend High Low Dividend High Low Dividend
1st Quarter $ 46.00 $ 33.37 $ 0.025 $ 47.78 $ 41.35 $ 0.020 $ 32.30 $ 24.79 $ 0.018
2nd Quarter 48.71 38.20 0.025 49.99 32.70 0.020 39.86 30.30 0.020
3rd Quarter 59.95 45.54 0.030 46.00 32.50 0.020 39.30 24.99 0.020
4th Quarter $ 60.42 $ 50.75 $ 0.030 $ 43.80 $ 33.86 $ 0.025 $ 48.88 $ 33.70 $ 0.020
Monthly Stock Price and Trading Volume
Fiscal 2003 Fiscal 2002
Shares Shares
High Low Traded High Low Traded
February $ 39.66 $ 33.37 89,268,500 $ 47.78 $ 43.25 81,973,500
March 42.67 35.96 105,728,700 45.60 41.35 89,027,000
April 46.00 40.30 98,630,100 45.70 41.90 63,379,000
May 46.43 38.20 128,446,200 49.99 41.27 107,985,100
June 45.84 42.09 96,608,800 48.54 43.35 95,407,400
July 48.71 41.81 92,624,300 46.43 32.70 140,961,400
August 54.95 45.54 84,578,200 44.20 32.50 122,640,500
September 55.90 50.30 87,847,300 46.00 39.59 103,912,600
October 59.95 52.00 80,708,800 44.81 36.49 135,960,900
November 60.42 56.80 58,594,200 43.80 37.83 119,179,600
December 58.62 52.44 75,445,000 42.68 36.50 82,486,600
January $ 56.25 $ 50.75 91,458,800 $ 39.51 $ 33.86 120,264,700
Stock Performance (Unaudited)
* Adjusted for 2-for-1 stock split to shareholders of record on June 8, 2001, as applicable.
Source: The Wall Street Journal, Bloomberg
Lowe’s High/Low Stock Price
Adjusted for All Splits
Stock Splits and Stock Dividends
Since 1961
•
A 100% stock dividend, effective April 5, 1966
(which had the net effect of a 2-for-1 stock split).
•
A 2-for-1 stock split, effective November 18, 1969.
•
A 50% stock dividend, effective November 30, 1971
(which had the net effect of a 3-for-2 stock split).
•
A 33
1
/
3
% stock dividend, effective July 25, 1972
(which had the net effect of a 4-for-3 stock split).
•
A 50% stock dividend, effective June 2, 1976
(which had the net effect of a 3-for-2 stock split).
•
A 3-for-2 stock split, effective November 2, 1981.
•
A 5-for-3 stock split, effective April 29, 1983.
•
A 100% stock dividend, effective June 29, 1992
(which had the net effect of a 2-for-1 stock split).
•
A 2-for-1 stock split, effective April 4, 1994.
•
A 2-for-1 stock split, effective June 29, 1998.
•
A 2-for-1 stock split, effective July 2, 2001.
$30
$25
$20
$15
$50
$45
$40
$35
$65
$60
$55
$10
$5
$0 '01'92 '93 '94 '95 '96 '97 '98 '99 '00 '02 '03
Fiscal Year