My Current Effective Dividend Yield: Home Depot
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I have owned Home Depot since 2004 and have greatly enjoyed the dividend growth this company has put into place. I personally have seen great yield growth on my investment. This stock has struggled as of late but I continue to plow my dividends into more shares with the expectations that the share price will rise in the next 5 to 10 years.
As a reminder, I am doing a post similar to this for each of the stocks in my portfolio – links to each post as they come up will be placed in the sidebar on the right of your screen.
Business Summary:
The Company is manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world.
My Dividend Yield Data
| The Home Depot | ||||
|---|---|---|---|---|
| Original Yield | ||||
| Date | Ticker | Initial Buy Price | Initial Div Per Year | Initial Yield |
| January 30, 2004 | HD | $35.74 | $0.28 | 0.78% |
| Current Yield | ||||
| Average Price Per Share | Shares | Current Div Per Share | Current Yield | Annual Div’s Rec’d |
| $36.08 | 49.2777 | $0.90 | 2.49% | $44.35 |
Table Explanation:
The table is dividend into two sections: Original Yield and Current Yield. Original yield presents the data from my initial purchase in the security and the resulting yield. The Current Yield is the yield I am receiving on my investment, given the growth in dividends as well as reinvested dividends. As I receive dividends they are reinvested into additional shares which is factored into this calculation. Essentially, I calculate the average share price for all shares and use this price to calculate the current yield (Current Yield = Current Dividend / Average Share Price).
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1 Comments on this post
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American Dividend Investor said:
Any plans to average down on this name?
March 13th, 2008 at 8:18 am
