Home Depot Pays Dividend For 88th Consecutive Quarter
- February 27, 2009
- Dividend Aristocrats, Dividend News
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Home Depot (HD: 45.27 +0.22%) announced that its board of directors have approved a quarterly dividend payment of $.225 per share. The dividend will be payable on March 26, 2009 to shareholders of record as of March 12, 2009.
Home Depot’s shares have slid 10% since the beginning of the year and the current dividend yield now stands at 4.4%.
The company has been paying cash dividends for 22 years now and appears to be positioned well enough to maintain their dividend payout through 2009.
