Home Depot Pays Dividend For 89th Consecutive Quarter

Home improvement retailer The Home Depot [[HD]] announced today that their Board of Directors has approved a first quarter dividend of $.225 per share.


Home Depot’s current dividend yield now stands at 4.0%.


The dividend is payable on June 25, 2009 to shareholders of record as of June 11, 2009.


This will mark the 89th consecutive quarter that Home Depot has paid a quarterly cash dividend.


Home Depot’s shares finished the day down 2.7% to $22.70. Since the beginning of 2009, HD’s shares have only fallen slightly over 1%. Even in 2008, the stock fell less than 15% as it easily outperformed the 34% decline in the Dow Jones index.


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