Home Depot Earnings to Reveal Potential for Dividend Gains

The Home Depot is set to release its second quarter earnings report on August 18. Analysts expect the company's quarterly earnings to be $4.73 per share, up from $4.68 in the same period last year.

The consensus estimate for Home Depot's quarterly revenue is $47.24 billion, which would be a significant increase over the $45.28 billion reported in the previous quarter.

Investors may also be eyeing potential gains from the company's dividends. The annual dividend yield of 2.70% translates to a quarterly dividend amount of $2.33 per share or $9.32 a year.

To earn $500 per month, or $6,000 annually, from Home Depot's dividends, an investor would need approximately 644 shares, assuming the current price and dividend payment remain unchanged.