48 LOWE’S 2010 ANNUAL REPORT
LOWE’S COMPANIES, INC.
STOCK PERFORMANCE
(Unaudited)
Quarterly Stock Price Range and Cash Dividend Payment
High
1st Quarter
$28.54
Fiscal 2010 LowDividend*
$21.29
$0.090
High
$22.09
Fiscal 2009 LowDividend*
$13.00
$0.085
High
$27.18
Fiscal 2008
LowDividend
$20.25
$0.080
2nd Quarter
27.9319.640.110
22.6818.020.090
26.1818.000.085
3rd Quarter
22.9119.350.110
24.0919.460.090
28.4915.760.085
4th Quarter
$26.29
$21.09
$0.110
$24.50
$19.15
$0.090
$23.73
$15.85
$0.085
As of March 25, 2011, there were 29,962 registered shareholders of Lowe’s common stock.
* Effective the fourth quarter of 2009 the dividend will be paid in the fiscal month following the record date.
Monthly Stock Price and Trading Volume
Fiscal 2010 Fiscal 2009 Fiscal 2008
Shares SharesShares
High
LowTradedHigh
Low Traded
High
LowTraded
February
$23.97 $21.29 298,535,700
$19.44 $14.91
380,470,300
$25.68 $22.70 243,541,400
March
25.3123.53258,941,800
19.9213.00483,501,400 25.1020.25
440,193,100
April
28.5424.53277,480,000
22.0918.47297,175,500
May
27.9323.09385,745,700
21.3518.30366,414,800 26.1823.02
226,632,000
June
24.8920.01366,966,300
20.9918.02330,426,400 24.8219.95
287,600,700
July
21.9919.64260,172,300
22.6818.43223,488,200
August
21.4019.35316,087,700
24.0919.69353,063,200 25.4719.99
282,758,100
September
22.7020.25261,284,400
22.3719.94313,995,000 28.4921.35
538,455,500
October
22.9120.80263,516,700
21.9919.46328,635,300
November
22.7321.09228,716,300
22.2419.15292,337,700 22.0015.85
330,369,600
December
25.8621.66356,194,800
24.5021.55269,171,200 23.7318.46
360,238,200
January
$26.29 $23.54
324,217,100
$23.81 $21.61
242,076,000
27.1823.16215,194,200
21.8318.00263,974,600
22.2915.76449,070,900
$23.17 $18.15
260,547,700
Source: The Wall Street Journal
Stock Splits and
Stock Dividends
120
240
480
960
Total Return to Shareholders
The following table and graph compare the total returns (assuming reinvestment of dividends) of the
Company’s Common Stock, the S&P 500 Index and the S&P Retail Index. The graph assumes
$100 invested on February 3, 2006 in the Company’s Common Stock and each of the indices.
Since 1961
• A 100% stock dividend, effective April 5, 1966
(which had the net effect of a 2-for-1 stock split).
140
• 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).
120
• A 33 ⁄ % stock dividend, effective July 25, 1972
(which had the net effect of a 4-for-3 stock split).
13
100
• A 50% stock dividend, effective June 2, 1976
(which had the net effect of a 3-for-2 stock split).
60
80
• A 3-for-2 stock split, effective November 2, 1981.
• A 5-for-3 stock split, effective April 29, 1983.
60
• 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.
40
30
• A 2-for-1 stock split, effective June 29, 1998.
• A 2-for-1 stock split, effective July 2, 2001.
18
• A 2-for-1 stock split, effective July 3, 2006.
12
1
2
4
6
8
61 66 69 71 72 76 81 83 92 94
2/3/06
2/2/07
2/1/08
1/30/09
1/29/10
1/28/11
Lowe’s
$100.00
$108.16
$ 81.81
$59.44
$71.61
$ 85.01
S&P 500
$100.00
$116.76
$114.62
$69.50
$92.53
$112.20
S&P Retail Index
$100.00
$116.56
$ 95.12
$59.24
$92.13
$117.36
Lowe’s
98
01
06
S&P 500
S&P Retail Index
Source: Bloomberg Financial Services