The Home Depot: A Steady Dividend Choice Amid Economic Challenges

Reported 2 days ago

The Home Depot (NYSE:HD) is highlighted as a reliable investment in the 'Dogs of the Dow' due to its consistent dividend growth over 16 years and current quarterly dividend of $2.30 per share, yielding 2.45%. Despite facing challenges from high interest rates and cautious consumer spending, the company benefits from tight housing inventory and substantial homeowner equity available for renovations. In Q1 2025, Home Depot reported a revenue increase to $39.86 billion, though its comparable sales showed a minor decline.

Source: YAHOO

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