Home Depot (HD) will raise its quarterly dividend by 15.7 percent to $1.03 per share in the first quarter of 2018.
Last year the home improvement retailer was one of the best performing Dividend Aristocrats with a 41.4 percent stock price gain.
For Home Depot 2018 will mark the 9th consecutive year of annual dividend increases.
The increased dividend is payable March 22, 2018 to shareholders of record on March 8, 2018. The ex-dividend date will be March 7, 2018. The new dividend yield for Home Depot is 2.2%.
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.
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