Home Depot (HD) Raises Quarterly Dividend 16% to $0.29; 3% Yield

Home Depot (NYSE: HD) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 16% increase from the prior dividend of $0.25.

The dividend will be payable on December 15, 2011, to stockholders of record on December 1, 2011, with an ex-dividend date of November 29, 2011.

The annual yield on the dividend is 3 percent.

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