Home Depot Inc to Issue Quarterly Dividend of $1.36 (NYSE:HD)

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Home Depot Inc (NYSE:HD) announced a quarterly dividend on Thursday, November 21st, RTT News reports. Investors of record on Thursday, December 5th will be given a dividend of 1.36 per share by the home improvement retailer on Thursday, December 19th. This represents a $5.44 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of Home Depot stock opened at $217.62 on Tuesday. The firm has a market cap of $240.54 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The stock’s 50-day moving average is $231.09 and its 200-day moving average is $217.71. Home Depot has a one year low of $158.09 and a one year high of $239.31.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business had revenue of $27.22 billion during the quarter, compared to the consensus estimate of $27.51 billion. During the same period last year, the company earned $2.51 earnings per share. Home Depot’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect that Home Depot will post 10.07 earnings per share for the current fiscal year.

A number of research firms recently weighed in on HD. Bank of America restated a “hold” rating and issued a $235.00 price target on shares of Home Depot in a research note on Wednesday, November 20th. Morgan Stanley raised their price objective on shares of Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Edward Jones cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. Finally, SunTrust Banks lifted their price target on Home Depot from $208.00 to $225.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company. Home Depot presently has a consensus rating of “Hold” and a consensus price target of $235.29.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Dividend History for Home Depot (NYSE:HD)

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