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Why Home Depot Stock Dropped 5% Today

TheMotleyFool

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Home Depot (NYSE: HD) reported another strong quarter Tuesday morning. It also announced a 10% increase in its quarterly dividend, but shares nonetheless headed lower, trading down by 5% as of 12:30 p.m. EST.

The home-improvement retailer said it wouldn't provide guidance due to "the uncertainty related to the duration of the COVID-19 pandemic and its influence on the consumer."

Source Fool.com

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