Home Depot Declares New Dividend; Yield Is 2.1%

Concurrent with its release of second-quarter results, Home Depot (NYSE: HD) has announced a fresh quarterly dividend. The board of directors of the DIY construction retailer has declared a payout of $1.50 per share, which is to be dispensed on Sept. 17 to stockholders of record as of Sept. 3.

The company didn't hesitate to mention that this is the 134th quarter in a row it has paid a dividend. Over many years, it has also consistently raised its distribution, typically toward the end of the year -- so the next declaration could very well be an increase. The last bump was made in November 2019, from $1.36 to the present $1.50.

Home Depot's dividend increases have been dramatic at times. Since the beginning of 2010 -- when the company handed out just under $0.24 per share -- the payout has increased by a factor of over 6.

Source Fool.com