This Dividend Stock Has Something for Just About Every Investor

Are you a homeowner? If you are, you may have visited one of Home Depot's (NYSE: HD) 2,295 stores recently. But what you might not know is that this brick-and-mortar retailer could be a great stock for your stock portfolio too. With consumers moving to e-commerce, it's not only survived, but it's embraced the online shopping experience. It's a solid dividend player and may even appeal to tech investors or those playing societal trends. Let's check out what this home improvement retailer has to offer for a variety of investing styles.

With "only" 11 years of rising dividends under its belt, Home Depot still has more than a decade to go to be on the coveted Dividend Aristocrat list. But that doesn't mean it isn't a great stock for dividend investors. With a 51% dividend payout ratio, the DIY retailer has a lot of room to pay dividends and also absorb unexpected expenditures. For instance, the $1.7 billion paid out this year so far for coronavirus safety measures in stores and for employees is an example of a "surprise" expense that didn't affect its ability to pay dividends this year.

The trailing 12-month dividend yield is a respectable 2.17%. When you add in that the stock more than doubled in the past five years, the yield on your cost basis becomes even more attractive. But dividends aren't all that this tech-forward retailer has going for it.

Source Fool.com