The Home Depot (NYSE:HD) is one of our favorite dividend growth names. There are few stocks that have offered better returns in the last ten years. We have learned today that the company declared a $1.03/share quarterly dividend. This is a 15.7% increase from the dividend of $0.89.
This brings the forward yield 2.2%. While this is low, it is because of exceptional growth in the stock.
The dividend is payable March 22; for shareholders of record March 8; ex-div March 7.