Home Depot (HD) will raise its quarterly dividend by 29.0 percent to $0.89 per share in 2018. This marks the 5th consecutive year of double digit dividend increases by the home improvement retailer.

The increased dividend is payable on March 23, 2017, to shareholders of record on the close of business on March 9, 2017. This is the 120th consecutive quarter that Home Depot has paid a cash dividend.

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.