Reported about 15 hours ago
Home Depot remains a solid foundational dividend stock despite facing current economic challenges. Over the past years, the company has sustained a reliable dividend growth, raising its payout significantly since 2011 while still maintaining an attractive dividend yield of 2.3%. Despite a decline in comparable sales and increased operating difficulties due to high interest rates affecting the housing market, Home Depot has shown resilience with its stock performance and plans for future growth, particularly following its recent acquisition aimed at boosting contractor market exposure.
Source: YAHOO