Lowe’s, led by Marvin Ellison, declares $672 million quarterly dividend
Lowe’s, led by CEO Marvin Ellison, declares $672 million quarterly dividend, up 4%, underscoring its commitment to shareholder value amid market challenges.
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Marvin Ellison, one of America’s Black executives, loses $21 million from Lowe’s stake
This decline follows earlier losses from Jan. 27 to Feb. 18, when his stake fell $12.44 million, from $200.78 million to $188.34 million.
Lowe’s sales drop to $83.7 billion in 2024 under Black executive Marvin Ellison
Net total sales totaled $83.67 billion, marking a 3.13% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Lowe’s reports decline in sales amid economic uncertainty
Total sales totaled $65.12 billion, marking a 3.92% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Marvin Ellison’s Lowe’s shares dip below $200 million
This decline contrasts with a previous gain of $30.1 million between Sept. 6 and Oct. 18.
Top Black executive Marvin Ellison loses $3.8 million from Lowe’s shares
Despite the decrease, Ellison remains one of the wealthiest Black CEOs in the United States and a prominent figure among global Black CEOs.
Lowe’s, led by Black executive Marvin Ellison, posts $21.4 billion in Q1 2024 sales
Despite the headline figures, Lowe’s reported positive growth in certain segments. The Pro division, catering to professional contractors, maintained steady sales.