On Tuesday, February 25th the Board of Directors of The Home Depot, Inc. (HD) announced a quarterly dividend increase of from $2.25 to $2.30 per share that’s payable March 27, 2025 to holders of record March 13, 2025. This represents a 2.22% increase over the last quarterly dividend and this is the 152nd consecutive quarter the company has paid a cash dividend.
At the current price of $389.69 (yesterday's close), this increase will raise HD's dividend yield to 2.36%.
Home Depot, Inc. is a Dividend Contenders with a 16 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 7.7, 10.9, 10.6 and 17.0 (Dividend Champions.xls)
As an owner of 15 shares of Home Depot, the recent dividend increase adds $2.23 to my projected annual net dividend income.
I was expecting an increase of around 6%, so this announcement was somewhat disappointing.
This recent dividend increase marks the sixth consecutive raise I’ve received from Home Depot, Inc. since I acquired my shares in March 2019. Over this period, HD’s quarterly dividend has grown nicely from $1.36 to $2.30 per share, reflecting a 69.1% increase.
The moment of writing, HD’s weight of my portfolio is about 0.75% and its share of future annual dividend income is approximately 0.42%.
Following this increase, my yield on cost is 4.99%.
Summary of 2025 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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