Home Depot Declares Quarterly Dividend Amid Ongoing Earnings Growth

The Home Depot has declared a quarterly dividend of $2.33 per share, representing an annualized rate and a dividend yield of 2.8%. This payment will be made to investors on record as of September 3rd and distributed on September 17th.

The company's dividend has increased annually for the past 16 years, with an average rise of 0.1% each year over the last three years. Home Depot has a payout ratio of 57.1%, indicating that its dividend is sufficiently covered by earnings.

Analysts expect the company to earn $16.11 per share next year, allowing it to continue covering its annual dividend of $9.32 with an expected future payout ratio of 57.9%.