This Unstoppable Stock Is a No-Brainer Buy for Dividend Investors
Investing in dominant businesses in huge industries often works out for investors. That is because such companies have an easier time generating revenue and earnings growth for shareholders.
Home Depot (NYSE: HD) arguably matches the above description. Thus it shouldn't come as a surprise that after freezing its dividend in 2008 and 2009, the company has hiked its payout for 14 consecutive years. Even after this impressive growth streak, Home Depot stock looks like a buy. Let's investigate Home Depot's fundamentals and valuation to see why.
Operating more than 2,300 stores in all 50 U.S. states, four U.S. territories, 10 Canadian provinces, and Mexico, Home Depot is a true industry titan. Thanks to its wide product selection and nearly 500,000 associates, the company commands over 15% of the approximately $900 billion North American home improvement market.
Source Fool.com
