Home Depot Freshens Up Its Dividend
Home Depot has paid a dividend for each of the last 108 quarters, but that long history doesn't mean the payout can't make dramatic swings. In fact, the retailer just announced a 27% hike to its quarterly payment.
In the video below, Fool contributor Demitrios Kalogeropoulos gives his take on the Dow giant's refreshed dividend, noting that this week's boost marks the fifth consecutive annual raise -- for a doubling of the payout since the worst of the housing market crash. And at 50% of earnings, Demitrios argues, the dividend seems secure from any future unexpected profit dip as well. Finally, Demitrios contends that Home Depot's confidence is justified here, as the company just logged one of the best sales results of any major retailer last year and is strongly positioned for further gains in 2014.
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The article Home Depot Freshens Up Its Dividend originally appeared on Fool.com.Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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