Home Depot (HD) will raise its quarterly dividend by 25.5 percent to $0.59 per share in 2015. This follows a 20.5 percent dividend hike to 47 cents quarterly last year.

The increased dividend is payable March 26, 2015 to shareholders of record on March 12, 2015. The ex-dividend date will be March 10, 2015.

The Home Depot, Inc. is a home improvement retailer.  The company sells building materials, home improvement products, lawn and garden products, décor products and provides home improvement installation services and tool and equipment rental. The Home Depot stores are located throughout the U.S., including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam, Canada, and Mexico.