Home Depot raised dividend by smallest amount in 15 years, stock rose 2.8%.

From Nasdaq, Inc.: 2025-03-01 18:32:00

Home Depot (NYSE: HD) stock rose 2.8% despite weak fiscal 2024 results and a modest 2.2% dividend increase, the smallest in over a decade. The company’s earnings and dividend growth have slowed in recent years, leading to a payout ratio of 60%. Home Depot projects a 2.8% sales growth for fiscal 2025, with a 3% decline in EPS. Despite challenges, patient investors may see value in the stock for its long-term potential.

While Home Depot’s recent performance has been lackluster, the company’s strategic investments could pay off in the long run. By acquiring SRS Distribution and expanding store openings, Home Depot remains poised for growth once the industry rebounds. Despite the current slowdown, the company’s commitment to long-term success makes it a buy for investors with a patient approach. Investors may want to consider Home Depot for potential future gains.



Read more at Nasdaq, Inc.: Home Depot Just Raised Its Dividend by The Lowest Amount In 15 Years. Here’s Why the Dow Jones Dividend Stock Is Still Worth Buying Now.