Core Insights - Home Depot, Inc. is recognized as one of the 13 Best Consistent Dividend Stocks to buy now, highlighting its strong dividend performance [1] - The company has a history of increasing its dividends, with the quarterly payout rising to $2.30, a 53% increase from $1.50 in 2020, indicating a commitment to returning value to shareholders [2] - Despite economic challenges and a slowdown in consumer spending, Home Depot anticipates a 1% growth in comparable sales for the fiscal year ending in January, showcasing resilience in its business model [3] Dividend Performance - Home Depot declared a quarterly dividend of $2.30 per share on August 21, maintaining consistency with previous dividends [4] - The company has a 16-year track record of increasing dividends, making it one of the top dividend stocks in the market [4] - As of September 12, the stock offers a dividend yield of 2.18%, reflecting its attractiveness to income-focused investors [4] Financial Health - The payout ratio stands at approximately 62%, suggesting there is still room for further dividend growth in the future [3] - The company's strong brand and solid financials contribute to its status as a compelling long-term investment option [3]
Home Depot (HD)’s Dividend Legacy: How America’s Top Retailer Delivers Consistent Dividends