The Home Depot, Inc. (HD) to Distribute Quarterly Dividend of $2.33 on September 17th

The Home Depot, Inc. (NYSE:HD – Get Free Report) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 2.33 per share by the home improvement retailer on Thursday, September 17th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, September 3rd.

Home Depot has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Home Depot has a payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Home Depot to earn $16.05 per share next year, which means the company should continue to be able to cover its $9.32 annual dividend with an expected future payout ratio of 58.1%.

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Home Depot Price Performance

NYSE:HD opened at $328.52 on Tuesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.31 and a current ratio of 1.08. The stock’s 50-day simple moving average is $341.00 and its 200 day simple moving average is $338.03. The company has a market cap of $327.76 billion, a P/E ratio of 22.99, a P/E/G ratio of 3.64 and a beta of 0.95. Home Depot has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating the consensus estimate of $4.73 by $0.19. The firm had revenue of $47.86 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts forecast that Home Depot will post 15 EPS for the current fiscal year.

About Home Depot

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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.

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