Home Depot Dividend Increase: Monday, 2nd March

On 24 February, Home Depot (HD) increased its dividend by 1.30%, from $2.30 to $2.33 per share.

The dividend is payable on 26 March to shareholders of record on 12 March.

HD's contribution to DivGro's projected annual dividend income will increase by $6 to $466.

Source: Simply Safe Dividends

I own 50 shares of HD at an average cost basis of $182.54 per share. Following this increase, my yield on cost is 5.11%. (TSCO's forward yield is 2.51% at $371.09 per share). 

Since I opened my position in November 2018, the stock has delivered a total return of 132%, including $2,588.76 in dividends. That's a splendid annualized rate of return of 12.9%!

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

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes