Home Depot (HD) increased its quarterly dividend by 7.66%, from $2.09 to $2.25 per share.
The dividend will be paid on 21 March to shareholders of record on 7 March. The ex-dividend date is 6 March.
HD's contribution to DivGro's projected annual dividend income will increase by $64 to $900.
I own 100 shares of HD at an average cost basis of $224.26 per share. Following this increase, my yield on cost is 4.01%. (HD's forward yield is 2.42% at $371.96 per share).
HD became DivGro's 40th Home Run stock in November 2021, when the stock doubled my original capital outlay.
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