Home Depot (HD) will raise its quarterly dividend by 15.2 percent to $1.90 per share in 2022. This comes after a dividend hike 10 percent to $1.65 per share in 2021 and marks the 13th consecutive year of annual dividend increases by the world's largest home improvement retailer.

The next HD dividend is payable on March 24, 2022. The next ex-dividend date for Home Depot stock is March 9, 2022. The new annual dividend rate of $7.60 per share yields 2.4% at a stock price of $316.

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.