Home Depot Dividend Increase

man in black suit jacket and black pants figurine

Image Source: Unsplash

Home Depot (HD) recently increased its quarterly dividend by 7.66%, from $2.09 to $2.25 per share. The dividend will be paid on March 21 to shareholders of record on March 7. The ex-dividend date is March 6.

The stock's contribution to my portfolio's projected annual dividend income will increase by $64 to $900. I own 100 shares of the stock at an average cost basis of $224.26 per share. Following this increase, my yield on cost is 4.01% (Home Depot's forward yield is 2.42% at $371.96 per share).

Home Depot became my 40th Home Run stock in November 2021, when the stock doubled my original capital outlay.

More By This Author:

NextEra Energy Dividend Increase
Public Service Enterprise Dividend Increase
Coca-Cola Dividend Increase

Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.