Home Depot (NYSE: HD) announced a new quarterly dividend of $2.30 per share, raising its stock by 4% on Friday, beating the S&P 500’s 1.5% increase. This will mark the 154th consecutive quarter that Home Depot has paid dividends to shareholders, with a yield of 2.2%. Despite second-quarter earnings showing a 5% revenue increase and 1% same-store sales growth, investors remain optimistic about the company’s future. However, the Motley Fool Stock Advisor team did not include Home Depot in their list of the 10 best stocks to buy now, which have historically yielded significant returns compared to the S&P 500.

Read more at Yahoo Finance: Why Home Depot Stock Popped by Nearly 4% on Friday