Jan 28 2006

Home Depot Raises Dividend

It happened to me again…the basis for my investment strategy occurred again and I could not be happier. As per this news release, Home Depot raised its quarterly dividend amount by 50% from $0.10 per share to $0.15 per share. This means that one a yearly basis, holders of Home Depot will receive $0.60 per share in dividends.

On my original investment in Home Depot, I was earning a yield of 0.78% – today after some reinvestments and the yearly dividend increases that I have been a part of, my yield on Home Depot stock is 1.78%. All with very little work – just keeping an eye on growing eps and sales.

I love this part of monitoring my portfolio. Seeing these dividend increases are very exciting as it basically means more money on a yearly basis in cash flow. Keep ‘em coming…

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4 Comments on this post

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  1. Derek said:

    That’s a big increase. Yahoo has a useful feature for reporting past dividend payments, though its buried away under historical prices which in turn is buried inside charts. Also Kiplingers will let you screen for stocks that have regularly increased their dividend for however many years you choose.

    January 30th, 2006 at 7:58 pm
  2. Ty said:

    How did you get enrolled in the stock? Do you have a u.s. funds bank account? Do you live in Canada and invest in Home depot?

    February 10th, 2006 at 11:35 am
  3. The Dividend Guy said:

    Hi Ty,

    Yes, I live in Canada. I use a broker that allows me to invest in US stocks – most, if not all, of the Canadian brokers allow us to invest in US or other international stocks.

    February 26th, 2006 at 9:07 pm
  4. Bill Koelpin said:

    Hi Derek,

    I tried those sites to screen and rank the dividends for yield growth etc. They were pretty cumbersome to use and I gave up after a while. I use the Dividend Quote tool from DividendInvestor.com to get my Ex Div dates and historical data and was wondering if you have tried the screener or top100 that they have?

    April 9th, 2007 at 2:59 pm

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