Home Depot Pays Dividend For 89th Consecutive Quarter
- May 28, 2009
- Dividend Aristocrats, Dividend News, Dividend Stocks, High Yield Dividend Stocks
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Home improvement retailer The Home Depot (HD: 45.27 +0.22%) 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.
