Home Depot Dividend Increase

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On 25 February, Home Depot (HD) increased its dividend by 2.22%, from $2.25 to $2.30 per share.

The dividend is payable on 27 March to shareholders of record on 13 March.

HD's contribution to DivGro's projected annual dividend income will increase by $14 to $644.

I own 70 HD shares at an average cost of $202.17 per share. Following this increase, my yield on cost is 4.55%. (HD's forward yield is 2.31% at $398.76 per share.)

Since opening my position in September 2018, the stock has generated a total return of 118%, including $2,883.20 in dividend income. That's a strong annualized rate of return of 14.8%.

HD became DivGro's 40^th Home Run stock in November 2021, when the stock doubled my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date