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Can This Top Dividend Stock Double in 5 Years?

TheMotleyFool

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Can This Top Dividend Stock Double in 5 Years?: https://g.foolcdn.com/editorial/images/762892/hd-store-1.jpg

Home Depot (NYSE: HD) has long been the leader in the home improvement industry. Thanks to an expanding store footprint, rising revenue, and improving profitability, this business has done a wonderful job at rewarding shareholders over the long term.

In the last five years, shares of Home Depot have roughly doubled. Can this top dividend stock double again in the next five? It's certainly in the realm of possibilities. Here's why.

That trailing five-year return is even higher when considering Home Depot's dividend. The yield currently stands at over 2.3%, which is a healthy payout that could entice investors looking for income.

Source Fool.com

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