Tuesday, February 25, 2020

Dividend Increase – The Home Depot Inc. (HD)

Today, February 25 the Board of Directors of The Home Depot Inc. announced a quarterly dividend increase of from $ 1.36 to $ 1.50 per share that’s payable March 26, 2020 to holders of record March 12, 2020. This represents a 10.29% increase to the last quarter dividend.

"As a testament to our commitment to create value for our shareholders and a demonstration of confidence in the business going forward, the board has increased the dividend for the eleventh consecutive year," said Richard McPhail, CFO and executive vice president.

With current price $ 246.10 (today's close), this raise brings their dividend yield to 2.44%.

HD is a Dividend Contenders with a 10 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 32.0, 25.4, 23.7 and 19.4. (Dividend Champions.xls)

Since I own 15 shares of HD, this will increase my portfolio's projected annual net dividend income by $ 6.26.

This increase raises my YOC to 3.25%.

Summary of 2020 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long HD

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