Lumber is vital for many of the projects that people go to Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) for. Lumber prices are crashing. Interestingly, as the price of lumber was rising, Home Depot and Lowe's were raising prices they charge customers, and so far, those higher prices have not decreased demand.
These companies can afford to keep increasing their dividends, maybe even double them, in the next few years.
Lowe's (LOW) closed the most recent trading day at $197.73, moving -1.55% from the previous trading session.