How To Earn $500 A Month From Home Depot Stock Ahead Of Q3 Earnings - Home Depot (NYSE:HD)
Home DepotHome Depot(US:HD) Benzinga·2025-11-17 13:22

Core Insights - Home Depot is set to release its third-quarter earnings results, with analysts expecting earnings of $3.83 per share, an increase from $3.67 per share in the same period last year [1] - The anticipated quarterly revenue for Home Depot is $41.12 billion, up from $40.22 billion a year earlier [1] Analyst Downgrade - Stifel analyst W. Andrew Carter downgraded Home Depot from Buy to Hold and reduced the price target from $440 to $370 [2] - The downgrade comes amid discussions about the company's dividend potential, which currently stands at an annual yield of 2.54% [2] Dividend Insights - Home Depot's quarterly dividend is $2.30 per share, translating to an annual dividend of $9.20 [2] - To generate $500 monthly from dividends, an investment of approximately $236,259 or around 652 shares is required, while $100 monthly would need about $47,107 or 130 shares [2] - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [3] Price Action - Home Depot's shares fell by 1.6%, closing at $362.36 on Friday [4]