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All DividendMax content is provided for informational and research purposes only and is not in any way meant to represent trade or investment recommendations. We accept no liability whatsoever for any decision made or action taken or not taken. Nothing shall substitute for the independent investigations and sound judgement of our users. In recent years Home Depot has been increasing its dividends. Add Home Depot, Inc. to receive free notifications when they declare their dividends.
We are constantly upgrading and updating our reports section. In case you had bought shares three years earlier for $1000 on Aug 23, 2019 at 217.47, your payout can be computed as shown. The most recent change in the company's dividend was an increase of $0.25 on Tuesday, February 22, 2022. Over the past three years, the company's dividend has grown by an average of 17.01% per year. In this video, Market Wizard Larry Benedict reveals how to make all the money you need...
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The company has also been growing its business with the professional contractor base . To that end, the company acquired HD Supply, a supplier of maintenance, repair, and operations products, in an $8 billion deal announced in the fourth quarter of 2020. The purchase reunites the two businesses after Home Depot previously sold it in 2007.
Home Depot's higher earnings translate into increased free cash flow. It totaled $16.4 billion in the latest year, which handily covered the $6.5 billion of dividends. The pandemic boosted traffic, as homebound people shopped at Home Depot to pick up products to work on various projects that were previously put to the side.
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The yearly dividend expense of $6.07 billion left Home Depot with ample excess cash flow after covering the payout. In this post, you will find the past dividend dates and payouts. You will also find an interesting calculation before going deep into the report. A real-time chart of the The Home Depot stock price is shown below. By default, the chart is set to the daily timeframe, but you can change it to the one that interests you.
However, slowing growth affects neither the sustainability of the payout nor the company's ability to maintain the dividend. If you're looking for a safe, stable source of above-average yield in the retail sector, Home Depot stacks up well against other stocks. Stocks Bank of America Corporation and Home Depot, Inc. are similar in terms of market cap compared to Home Depot Inc stock. You already know HD has paid 94 dividend payouts since Nov 30, 1999. Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home Depot.
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Its projected annual earnings growth also significantly lags the more than 19.2% annual increases seen in the previous five-year period. The dividend appears more sustainable from a cash perspective. Over the past four quarters, the company generated free cash flow of $12.2 billion.
In 2006, Home Depot bought the Chinese home improvement company Home Way and its 12 stores in the country. With its booming economy and strong real estate market, China seemed like it would be an easy win for America’s home improvement giant. A Dividend Aristocrat is a company that has paid and raised its dividend for at least 25 consecutive years. Coca-Cola has actually raised its payout for the past 59 years in a row.
Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Home Depot. Given that level of growth, most investors would probably agree that the dividend has substantially benefited long-term investors. Still, whether present-day investors should view the dividend as "great" depends on its continued sustainability and how it compares to peers. But decision making should also involve an analysis of price movements and returns.
Companies with a higher dividend yield tend to have a business model that allows them to pay out more dividends from net income like real estate and consumer defensive stocks. Companies that pay dividends tend to have consistent positive net income. The dividend is payable on December 16, 2021, to shareholders of record on the close of business on December 2, 2021. This is the 139th consecutive quarter the company has paid a cash dividend. Home Depot's last quarterly cash dividend of $1.9 per share was issued to shareholders on record before Nov 30, 2022.
Just as what Warren Buffett looks for in his stock investments, the company focuses on growing the business before sharing excess cash with investors. That approach helps increase the likelihood that both the business and the dividend will continue to grow over time. There are a couple of key criteria a company must possess before you consider it an elite dividend company and invest your money. You want to make sure a company won't have to cut its dividend, since that hurts your income and the stock price also typically falls on the news, providing a double whammy.
But that doesn't mean Buffett doesn't love receiving them. Berkshire's 10 largest stock market holdings paid the company almost $3.8 billion in dividends in 2019. The company did keep the payout at that rate from 2006 until 2009, during the last decade's recession. HD has a dividend yield of 2.35% and paid $7.60 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Nov 30, 2022. At a forward price-to-earnings (P/E) ratio of approximately 25.6, Home Depot is not a cheap stock.
Many investors believe, choosing a dividend paying stock helps with steady income apart from possible capital gains. They’re relatively risk-averse and want to focus more on wealth preservation than anything. As a result, they create a portfolio that will have a dividend yield of around 2%.
Home Depot's dividend yield of 2.35% is below the Consumer Cyclical sector average. In comparison with its Consumer Cyclical sector average of 2.51%, Home Depot's dividend yield is 6% lower. The historical 5-year average of HD's dividend yield is 2.2%, which is similar to the current yield. One reason may be that investors didn't like the company's 2021 guidance.
Reproduction of such information in any form is prohibited. This article highlights eight stocks that have gained more than 20,000%. Learn from industry thought leaders and expert market participants. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. Learn more about planning and maintaining a happy, financially secure retirement.
All in all, the week was a mild one with stocks spending much... Dividend capture strategy is based on HD’s historical data. Consecutive Years of Dividend Increase is the number of years in a row in which there has been at least one payout increase and no payout decreases. ETFs and funds that prioritize investments based on environmental, social and governance responsibility. Customized to investor preferences for risk tolerance and income vs returns mix. Netcials reports section helps you with deep insights into the performance of various assets over the years.
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