Home Depot, Inc. (HD) Raises Quarterly Dividend 20.5% to $0.47; 2.4% Yield

February 25, 2014 6:23 AM EST
Home Depot, Inc. (NYSE: HD) declared a quarterly dividend of $0.47 per share, or $1.88 annualized. This is a 20.5% increase from the prior dividend of $0.39.

The dividend will be payable on March 27, 2014, to stockholders of record on March 13, 2014, with an ex-dividend date of March 11, 2014.

The annual yield on the dividend is 2.4 percent.

"As a testament to our commitment to create value for our shareholders, the board increased the dividend for the fifth time in as many years," said Blake. "Increasing the dividend reflects our continued strategy to target a dividend payout ratio of 50 percent."

For a dividend history and other dividend-related data on Home Depot, Inc. (HD) click here.

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