How Safe Is Home Depot's Dividend?
There aren't many metrics where home improvement retailer Lowe's (NYSE: LOW) can claim supremacy over its bigger rival, Home Depot (NYSE: HD). But the record of dividend increases is one of them. Lowe's has hiked its dividend annually for 49 consecutive years, putting it in line for Dividend King status in 2024.
Home Depot hasn't been nearly as reliable. Management paused annual increases during the worst of the Great Recession, and so Home Depot's streak sits below 20 years.
Given that history, it's worth considering whether Home Depot might be forced into another pause if a recession develops in the home improvement industry over the next few quarters. Just how safe is this payout?
Source Fool.com
