Is Home Depot a Great Dividend Stock?

When looking at your investment choices, dividends are a good way to generate regular investment income. However, it's not merely buying the highest-yielding stocks or even the ones with strong payment histories.

There are a couple of key criteria a company must possess before you consider it an elite dividend company and invest your money. You want to make sure a company won't have to cut its dividend, since that hurts your income and the stock price also typically falls on the news, providing a double whammy. But to achieve greatness, it should also have the ability and willingness to raise payments.

Let's delve deeper to find out if Home Depot (NYSE: HD) qualifies.

Source Fool.com