Lowe’s Spending $100 Million More for Pandemic Bonus for Workers

Lowe’s  (LOW) – Get Report said Wednesday it would spend another $100 million in bonuses for U.S. hourly employees this month to recognize their service during the coronavirus pandemic, bringing the total to $775 million.

Shares of the Mooresville, North Carolina-based home-improvement retailer were rising 2% to $167. 

Lowe’s said that all active hourly associates in Lowe’s U.S. stores, distribution centers and store support centers will receive the bonus on Oct. 16.

Full-time hourly associates will receive $300, and part-time and seasonal associates will receive $150. 

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