Home Depot (HD) will raise its quarterly dividend by 16.9 percent to $0.69 per share in the first quarter of 2016. Last year the home improvement retailer raised its quarterly dividend by 12 cents to 59 cents per share.

The increased dividend is payable March 24, 2016 to shareholders of record on March 10, 2016. The ex-dividend date will be March 8, 2016.

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.