How To Earn $500 A Month From Home Depot Stock Following Upbeat Results
Portfolio Pulse from Lisa Levin
Home Depot Inc (NYSE:HD) reported Q3 FY23 sales of $37.71 billion, surpassing estimates of $35.66 billion, with EPS of $3.81 beating the $3.58 consensus. The company's dividend yield is 2.75%, with a quarterly dividend of $2.09 per share. To earn $500 monthly in dividends, an investor would need 718 shares, valued at approximately $218,006. For $100 monthly, 144 shares or $43,723 would be required. Dividend yield fluctuates with stock price and dividend changes. HD shares rose 5.4% to close at $303.63 following the earnings report.
November 15, 2023 | 1:44 pm
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Home Depot reported strong Q3 results with higher-than-expected sales and EPS, and maintains a dividend yield of 2.75%. The stock price increased by 5.4% after the announcement.
The positive earnings report and the subsequent increase in stock price suggest a favorable short-term impact on Home Depot's stock. The detailed dividend calculations provided in the article highlight the stock's attractiveness to income-focused investors, potentially increasing demand for HD shares.
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