
Home Depot's dividend yield is a significant consideration for investors, but how does it stack up against its peers? The company's dividend yield is 2.35%, which is slightly higher than the average dividend yield of the Home Improvement Retailers industry.
Home Depot's dividend yield is also higher than that of Lowe's, its main competitor, which has a dividend yield of 2.21%. This suggests that Home Depot is offering a more attractive return to investors in the form of dividends.
However, Home Depot's dividend yield is lower than that of some of its other peers, such as Sherwin-Williams, which has a dividend yield of 2.51%. This means that investors looking for the highest dividend yield in the industry may want to consider Sherwin-Williams.
Home Depot's dividend yield is still a competitive offering, especially when considering the company's strong financial performance and growth prospects.
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Home Depot Dividend Yield Overview
Home Depot's dividend yield is 2.12%, which is below the Consumer Cyclical sector average of 2.51%. This means that investors would receive $2.12 in dividends per year for every $100 invested in the company's stock.
The Home Depot, Inc. has a payout ratio of 60.05%, indicating that 60.05% of the company's earnings are paid out as dividends. This is a relatively high payout ratio, suggesting that the company is returning most of its earnings to shareholders.
Here's a quick look at Home Depot's dividend yield by year, showcasing the fluctuations in the company's financial performance and market dynamics:
Yield
Home Depot's dividend yield is 2.12%, which means for every $100 invested, you'd receive $2.12 in dividends per year. This is lower than the Consumer Cyclical sector average of 2.51%.
The Home Depot, Inc. pays dividends on a quarterly basis, which can be beneficial for investors who want to receive regular income. The company has increased its dividends for 16 consecutive years, indicating a strong financial position.
Here's a comparison of Home Depot's dividend yield with its peers:
Home Depot's dividend yield has fluctuated over the years, with a maximum annual increase of 34.30% in 2023, and a minimum annual dividend yield of 1.74% in 2018.
Safety
Safety is a top concern for dividend investors, and The Home Depot, Inc. (HD) has a strong track record in this area.
HD has a long history of paying dividends, consistently increasing its dividend payout for 16 consecutive years.
A company's dividend safety can be assessed by looking at its dividend payout ratio, which is currently around 60.05%.
This ratio indicates that HD has enough earnings to pay dividends and retain earnings to reinvest in the business, but it's worth noting that a payout ratio above 60% can be a sign of a company stretching its finances to maintain dividend payments.
While HD's payout ratio is not extremely low, it's still a relatively healthy indicator of the company's financial position.
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Dividend Yield Details
Home Depot's dividend yield is a key metric for investors to consider. It's currently at 2.15%, which is below the Consumer Cyclical sector average of 2.51%.
To put this in perspective, Home Depot's dividend yield is 16% lower than its sector average. This means investors can expect a lower return on their dividend payments compared to other companies in the sector.
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The historical 5-year average of Home Depot's dividend yield is 2.3%, which is higher than the current yield. This suggests that the company's dividend payments have been more generous in the past.
Here's a comparison of Home Depot's dividend yield with its peers:
Overall, Home Depot's dividend yield is a bit lower than its peers, but the company's history of generous dividend payments suggests it may be a good choice for investors looking for a stable income stream.
Home Depot Dividend History
The Home Depot's dividend history is a fascinating topic. Over the past 12 months, the company's dividend payments per share have averaged 7.66% growth. This is a significant increase, especially considering the company's long-term growth prospects.
The Home Depot's dividend history is not without its fluctuations, however. The company's dividend yield has varied significantly over the years, ranging from a low of 1.74% in 2018 to a high of 2.43% in 2023. This volatility is a normal part of the company's financial performance and can be influenced by factors such as profitability, cash flow, and financial stability.
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In terms of specific milestones, the Home Depot's dividend yield has seen some notable increases. For example, the maximum annual increase was 34.30% in 2023, while the maximum annual dividend yield was 2.43% in the same year. These figures provide valuable insights into the company's financial performance and market dynamics.
Here are the key years and corresponding dividend yields for The Home Depot:
The Home Depot's dividend yield has also seen significant fluctuations over the past ten years. The mean historical dividend yield is 2.08%, which is 6.18% higher than the current dividend yield of 2.21%.
Home Depot Dividend Information
Home Depot Inc has a dividend yield of 2.15% and pays out $9 per share in dividends.
The company's payout ratio is 60.9%, which means they distribute about 60.9% of their earnings back to shareholders.
Home Depot Inc has a significant dividend payment compared to its peers.
Here's a comparison of Home Depot's dividend information with its peers:
Customizing Dividend Information
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Home Depot vs Peers
Home Depot's Dividend Yield stands out among its peers, with a yield greater than Floor & Decor Holdings, Inc. and LL Flooring Holdings, Inc., but less than Arhaus, Inc.
The Home Depot, Inc.'s Dividend Yield is 0% greater than Floor & Decor Holdings, Inc. and LL Flooring Holdings, Inc., but less than Arhaus, Inc. (3.99%) and Haverty Furniture Companies, Inc. (5.80%).
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Let's take a look at the Dividend Yield comparison among Home Depot's peers:
Home Depot's Dividend Yield is also less than Lowe's Companies, Inc. (1.82%), but greater than Kirkland's, Inc., Tile Shop Holdings, Inc., and Live Ventures Incorporated, all of which have a 0% Dividend Yield.
Frequently Asked Questions
Does Home Depot pay qualified dividends?
Home Depot pays a quarterly dividend of $2.25 per share, but the answer to whether it's a qualified dividend is not provided in this information. For more details on qualified dividend status, please refer to Home Depot's official dividend policy or consult a financial expert.
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