The Home Depot, Inc. (NYSE:HD) Announces Quarterly Dividend of $2.33

Key Points

• Home Depot declared a quarterly dividend of $2.33 per share, payable September 17 to shareholders of record on September 3. The dividend equates to an annualized payout and yield of approximately 2.8%, with 16 consecutive years of annual increases.
• The dividend appears adequately covered, with a current payout ratio of 57.1% and an expected future payout ratio of about 57.9% based on projected earnings.
• Home Depot’s latest quarterly results exceeded expectations, with EPS of $4.92 versus the $4.73 consensus and revenue of $47.86 billion versus $47.24 billion expected. Shares opened at $334.28, down 2.9%.

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

Home Depot has raised its dividend payment 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 dividend payout ratio of 57.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Home Depot to earn $16.11 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 57.9%.

Home Depot Trading Down 2.9%

Shares of Home Depot stock opened at $334.28 on Friday. The firm has a market capitalization of $333.32 billion, a PE ratio of 23.39, a P/E/G ratio of 4.49 and a beta of 0.95. Home Depot has a twelve month low of $289.10 and a twelve month high of $426.75. The firm's 50-day moving average price is $340.71 and its 200 day moving average price is $340.49. The company has a current ratio of 1.08, a quick ratio of 0.28 and a debt-to-equity ratio of 2.64.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 EPS for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. The business 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 revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.68 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, sell-side analysts predict that Home Depot will post 14.99 EPS for the current fiscal 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.

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