Home Depot raises its quarterly dividend to $2.33 per share, maintaining a 17-year streak before reporting Q2 results on August 18.
Home Depot has increased its quarterly dividend to $2.33 per share, marking the 17th consecutive year of payout growth. The move underscores the company’s commitment to shareholders despite recent macroeconomic challenges impacting its business.
The home improvement retailer’s same-store sales declined 3.2% in fiscal 2023 and 1.8% in fiscal 2024, with only a 0.3% rise in fiscal 2025. Analysts expect a 1% increase at the midpoint for the current fiscal year. Home Depot will report second-quarter 2026 earnings on August 18, offering fresh insight into its performance amid tighter economic conditions.
Shares of Home Depot have underperformed over the past five years, rising just 5% as of August 6, following a pandemic-driven revenue surge in fiscal 2020 and 2021.