Is Lowe's a Dividend Beast, Backslider, or Bust?

Image of Lowe's Valspar paints courtesy Charles & Hudson, under Creative Commons License

Lowe's (NYSE: LOW  )  holds one of the longest dividend streaks in the S&P 500, having increased its payout annually for 51 years running. The company is posting decent profits in 2013, and Lowe's stock reflects investors' confidence -- shares are up almost 54% this year, roughly double the S&P 500.

If you're bullish on Lowe's, and are interested in collecting the company's steady dividend, is now a good time to enter into a position? In the accompanying video, part of a series on dividends, Fool contributor Asit Sharma discusses Lowe's current state, compares it to competitor Home Depot, and identifies whether the company is a dividend beast, backslider, or bust. 

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