The Home Depot, Inc. (NYSE:HD) Raises Dividend to $2.33 Per Share

The Home Depot, Inc. (NYSE:HD) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Thursday, March 12th will be paid a dividend of 2.33 per share by the home improvement retailer on Thursday, March 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, March 12th. This is a 1.3% increase from Home Depot’s previous quarterly dividend of $2.30.

Home Depot has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Home Depot has a payout ratio of 56.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Depot to earn $15.60 per share next year, which means the company should continue to be able to cover its $9.20 annual dividend with an expected future payout ratio of 59.0%.

Home Depot Trading Up 2.0%

Shares of HD stock traded up $7.67 on Tuesday, hitting $384.66. The stock had a trading volume of 5,674,589 shares, compared to its average volume of 4,323,347. The company’s 50 day moving average price is $369.64 and its 200-day moving average price is $380.14. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. Home Depot has a 1 year low of $326.31 and a 1 year high of $426.75. The firm has a market capitalization of $382.93 billion, a P/E ratio of 26.22, a P/E/G ratio of 13.66 and a beta of 1.08.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. During the same period in the prior year, the business earned $3.13 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.