Home Depot Inc. said Tuesday it will raise its quarterly dividend by 10.0%, to $2.09 a share from $1.90 a share. Shareholders of record on March 9 will be...
Home Depot Inc. HD said Tuesday it will raise its quarterly dividend by 10.0%, to $2.09 a share from $1.90 a share. Shareholders of record on March 9 will be paid the dividend on March 23. The home improvement retailer’s stock slumped 3.7% in premarket trading, in the wake of a disappointing quarterly earnings report and full-year guidance. Based on Friday’s stock closing price of $317.95, the new annual dividend rate implies a dividend yield of 2.
HD said Tuesday it will raise its quarterly dividend by 10.0%, to $2.09 a share from $1.90 a share. Shareholders of record on March 9 will be paid the dividend on March 23. The home improvement retailer’s stock slumped 3.7% in premarket trading, in the wake of a disappointing quarterly earnings report and full-year guidance. Based on Friday’s stock closing price of $317.95, the new annual dividend rate implies a dividend yield of 2.
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