The Home Depot, Inc. Plans Quarterly Dividend of $2.30 (NYSE:HD)

The Home Depot, Inc. (NYSE:HD) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Thursday, December 4th will be paid a dividend of 2.30 per share by the home improvement retailer on Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 4th.

Home Depot has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Home Depot has a payout ratio of 56.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Depot to earn $15.60 per share next year, which means the company should continue to be able to cover its $9.20 annual dividend with an expected future payout ratio of 59.0%.

Home Depot Price Performance

Shares of NYSE:HD opened at $332.50 on Friday. The firm has a market capitalization of $330.97 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The business’s 50 day simple moving average is $386.94 and its 200-day simple moving average is $381.13. Home Depot has a 12 month low of $326.31 and a 12 month high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Home Depot by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock worth $39,834,241,000 after buying an additional 331,217 shares in the last quarter. State Street Corp lifted its position in shares of Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after buying an additional 300,352 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock worth $8,394,611,000 after buying an additional 327,674 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after buying an additional 153,582 shares during the period. Finally, Norges Bank bought a new stake in shares of Home Depot during the 2nd quarter valued at about $4,885,603,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.