The Home Depot, Inc. (NYSE:HD) Plans Quarterly Dividend of $2.30

The Home Depot, Inc. (NYSE:HD) declared a quarterly dividend on Thursday, November 20th. Shareholders of record on Thursday, December 4th will be given a dividend of 2.30 per share by the home improvement retailer on Thursday, December 18th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 4th.

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 payout ratio of 56.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Home Depot to earn $15.60 per share next year, which means the company should continue to be able to cover its $9.20 annual dividend with an expected future payout ratio of 59.0%.

Home Depot Price Performance

Shares of NYSE:HD opened at $332.50 on Friday. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The firm has a market capitalization of $330.97 billion, a P/E ratio of 22.59, a PEG ratio of 3.59 and a beta of 1.00. The firm’s 50 day moving average is $386.94 and its two-hundred day moving average is $381.13. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.