Home Depot Raises Quarterly Dividend by 7.7% To $2.25 From $2.09 Prior
Portfolio Pulse from Benzinga Newsdesk
Home Depot announced a 7.7% increase in its quarterly dividend to $2.25 per share, marking the 148th consecutive quarter of cash dividends. The new annual dividend rate is $9.00 per share, payable on March 21, 2024, to shareholders of record as of March 7, 2024.
February 20, 2024 | 11:01 am
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Home Depot raises its quarterly dividend to $2.25 per share, a 7.7% increase, with an annual rate of $9.00. Payable on March 21, 2024, to shareholders on record by March 7, 2024.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. Home Depot's announcement of a 7.7% increase in its quarterly dividend is likely to be seen as a strong indicator of its ongoing profitability and commitment to returning value to shareholders. Given the size of the increase and the company's history of consistent dividend payments, this news is expected to have a positive short-term impact on Home Depot's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100