Wednesday, March 6, 2019

Recent Buy - The Home Depot (HD)

Friday March 1, I bought 15 shares of The Home Depot at $ 182.98 per share plus commission.

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers. The company also offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its do-it-for-me customers through third-party installers. In addition, it provides tool and equipment rental services. The company primarily serves home owners; and professional renovators/remodelers, general contractors, handymen, property managers, building service contractors, and specialty tradesmen, such as installers. It also sells its products through online. As of January 28, 2018, the company operated 2,284 stores, including 1,980 in the United States, including the Commonwealth of Puerto Rico, and the territories of the U.S. Virgin Islands and Guam; 182 in Canada; and 122 in Mexico. The Home Depot, Inc. was founded in 1978 and is based in Atlanta, Georgia.

HD is a Dividend Contenders with a 10 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 15.7, 20.4, 21.4 and 16.4. (Dividend Champions.xls) After the latest dividend announcement The Home Depot now pays dividends of $ 1.36 per share normally in March, June, September and December.

If you are interested, you can read article about Home Depot by Sure Dividend at SA here and by Passive Income Pursuit at SA here.

Details of my purchase:

Some ratings for HD:

    Yahoo: Mean Recommendation 2.0, 1y Target Est $ 203.11
    Reuters: Mean Rating 1.94
    Morningstar:  (**)

At today's exchange rate, that purchase 15 shares of HD will increase € 53.84 ($ 60.80) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 14,390.00. With purchase price $ 182.98 plus commission ($ 22.76) my starting yield on cost is 2.95%. After this acquisition, HDs weight of my portfolio is about 0.54% and its share of future annual dividend income is approximately 0.34%. My purpose is to add more HD to my portfolio if and when the share price falls.

Click here to see my portfolio.

Full Disclosure: Long HD

Thanks for stopping by!


  1. nice buy hawk

    after that massive raise it seems really interesting.


  2. Nice buy. I am keeping a close eye on HD...theres a lot to like about this company. Looking for a pullback to start a position in this one in my portfolio.

  3. I just picked up a few shares of HD myself and hope to add more on pullbacks. Great company with strong cash flow and hopefully a return to a more conservative balance sheet is in the future. Thanks for linking to my analysis too.

  4. HD's dividend growth rate looks great! I don't have a single stock from consumer cyclical-sector, so I will definitely take a closer look.