Core Insights - Companies like Coca-Cola and Home Depot are highlighted as elite dividend payers with strong growth potential despite economic challenges [1] Group 1: Coca-Cola - Coca-Cola's stock has reached new highs in 2024, showing resilience despite economic softness in some regions [2] - The company reported a 15% year-over-year growth in adjusted revenue for Q2, with strong performance in India, Brazil, and the Philippines [2] - Management anticipates a 13% to 15% increase in adjusted earnings for 2024 on a constant-currency basis compared to 2023 [2] - Coca-Cola operates a capital-light business model, generating $10 billion in free cash flow from $46 billion in revenue, with 79% of free cash flow paid as dividends [3] - The company has a 62-year history of increasing dividends, placing it among the 53 "Dividend Kings" [3] - Current quarterly dividend payment is $0.485 per share, resulting in a dividend yield of 2.97%, above the S&P 500 average of 1.32% [3] Group 2: Home Depot - Home Depot's shares have risen this year despite economic headwinds, with potential benefits from future interest rate decreases [4] - Comparable sales declined by 2.8% year-over-year in the fiscal first quarter, with expectations of a 1% decline for the full year due to higher interest rates affecting customer spending [4] - The U.S. home improvement market is valued at $45 trillion, providing Home Depot with a $1 trillion addressable market [4] - The company aims to grow sales through professional contractors and expanding store locations, leveraging its large store sizes for a wider selection [5] - Home Depot has a 37-year history of increasing dividends, paying out 47% of its $17 billion in free cash flow over the last year [5] - Current quarterly dividend payment is $2.25 per share, resulting in a dividend yield of 2.47% [5]

patty_c Introduction As most of my readers may know, I own two consumer stocks: one consumer discretionary and one consumer staple. The consumer staple is PepsiCo (PEP). The cyclical consumer stock is The Home Depot (NYSE:HD), the star of this article. I'm very picky when it comes to buying long-term dividend growth stocks, especially in the consumer space. I prefer to buy companies that operate further up the supply chain, which often comes with bigger moats, pricing power, and a different kind of comp ...

The home improvement store is making a strategic acquisition but is also suffering from pressure on sales from a weak housing market.A couple of analyst updates have highlighted that Home Depot (HD -0.01%) is one of the most fascinating stocks on the market. Here's some information investors should consider before buying the stock.Not all analyst updates are equalJefferies reinstated coverage of Home Depot and immediately slapped a $426 price target on the stock, along with a buy rating. The analyst cited t ...

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Get paid to own shares of these powerhouse companies.Investors who are looking to boost their passive income have come to the right place. There are several solid companies trading at reasonable valuations and offering above-average dividend yields right now. Here's why three Motley Fool contributors like Kraft Heinz (KHC -1.93%), Home Depot (HD -0.74%), and Realty Income (O -0.26%).A high-yielding food stockJohn Ballard (Kraft Heinz): The high inflation environment over the last few years has weighed on Kr ...

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Home Depot (HD) ended the recent trading session at $366.08, demonstrating a -1.56% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.78% for the day. Meanwhile, the Dow lost 1.29%, and the Nasdaq, a tech-heavy index, lost 0.7%.Heading into today, shares of the home-improvement retailer had gained 5.09% over the past month, outpacing the Retail-Wholesale sector's gain of 1.58% and the S&P 500's gain of 2.14% in that time.The upcoming earnings rel ...

Home Depot (HD) closed at $359.77 in the latest trading session, marking a +1.69% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.63%.Prior to today's trading, shares of the home-improvement retailer had gained 1.7% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.33% and lagged the S&P 500's gain of 4.28% in that time.The investment community will be paying ...

As the temperature rises and thoughts turn to summer vacations, investors also look for ways to keep their portfolios generating warmth. One effective strategy for achieving this goal is investing in dividend stocks, a reliable source of passive income that can provide both current returns and the potential for long-term capital appreciation. Get Home Depot alerts:The Allure of Dividend Stocks Dividend stocks offer a distinct advantage over traditional growth stocks by providing shareholders with a regular ...