Home Depot's Dividend Streak Remains Strong Amid Economic Headwinds

Home Depot's recent quarterly report showed same-store sales growth of 1.7% globally, despite tough economic conditions.

The company has raised its dividend annually since 2010 and currently boasts an above-average dividend yield of 2.8%.

However, the retailer's sales have been impacted by higher mortgage rates, inflation, and a sluggish housing market, which have led to homeowners delaying major projects.

In the long term, economic conditions will likely change, and when they do, Home Depot is poised for growth as consumers return to the home-improvement market.