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LOWE'S ANNOUNCES 2-FOR-1 STOCK SPLIT AND DECLARES CASH DIVIDEND

LOWE'S ANNOUNCES 2-FOR-1 STOCK SPLIT AND DECLARES CASH DIVIDEND
 NORTH WILKESBORO, N.C., May 29 /PRNewswire/ -- The Board of Directors of Lowe's Companies, Inc. (NYSE: LOW) today announced a 2-for-1 stock split in the form of a stock dividend on the company's outstanding shares. Shareholders of record June 12, 1992 will receive one additional share for each share owned on June 12. The new shares will be issued on June 26, 1992.
 The Board also declared a post-split quarterly cash dividend of 7 cents per share. This will be the 124th consecutive cash dividend, will be paid on July 31, 1992 to shareholders of record July 17, 1992 and is exactly equivalent to the 14 cents per share dividend paid on a pre-split basis in April, 1992.
 Lowe's is a specialty retailer serving the home center do-it- yourself business, the consumer durables business, and the building contractor business. Lowe's operates 308 stores in 20 states.
 -0- 5/29/92
 /CONTACT: W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW) CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU: OFR


CM -- CH002 -- 5096 05/29/92 09:51 EDT
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Publication:PR Newswire
Date:May 29, 1992
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