Home Depot Dividend Increase
On 25 February, Home Depot (HD) increased its dividend by 2.22%, from $2.25 to $2.30 per share.
The dividend is payable on 27 March to shareholders of record on 13 March.
HD’s contribution to DivGro’s projected annual dividend income will increase by $14 to $644.
I own 70 HD shares at an average cost of $202.17 per share. Following this increase, my yield on cost is 4.55%. (HD’s forward yield is 2.31% at $398.76 per share.)
Since opening my position in September 2018, the stock has generated a total return of 118%, including $2,883.20 in dividend income. That’s a strong annualized rate of return of 14.8%.
HD became DivGro’s 40th Home Run stock in November 2021, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2020 | 2021 | 2022 | 2023 | 2024 | • | 2025 |
| $6.00 | $6.60 | $7.60 | $8.36 | $9.00 | ⬆ | $9.20✝ |
| 10.29% | 10.00% | 15.15% | 10.00% | 7.66% | ⬇ | 2.22% |
| 5-year DGR: | 10.59% | ⬇ | 8.92% | |||
✝projected, assuming no further changes
