June 2003

Big Box Bulletin

Project Homefront and USA Freedom 
Work Together for Military Families

The Atlanta-based Home Depot’s project for helping military families with pressing repair needs, Project Homefront, is working with the USA Freedom Corps, a volunteer service initiative begun by the Bush administration, to match volunteers with community service organizations to help military families.

“We are honored that USA Freedom Corp is helping to match volunteers with military families in need,” said Bob Hardell, chairperson, president and chief executive officer of the Home Depot.

Home Depot developed project Homefront in partnership with Rebuilding Together, a national volunteer home rehabilitation effort. Home Depot has pledged one million volunteer hours from its associates and will provide $1 million in cash and materials for the project.

The project will provide military families with household repairs, maintenance and other services.

Lowe’s Declares Quarterly Dividend
The board of directors for Lowe’s, which is based in Wilkesboro, N.C., has declared a quarterly cash dividend of 2.5 cents per share, payable May 2, 2003, to shareholders on record as of April 17, 2003. The company says it has paid a cash dividend each quarter since going public in 1961. Recently, the company reported that it had achieved net earnings of $1.47 billion for fiscal 2002, a 44-percent increase over the same period a year ago. Diluted earnings per share increased 42 percent to $1.85 from $1.30 in 2001. 


© Copyright Key Communications Inc. All rights reserved. No reproduction of any type without expressed written permission.