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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
The Home Depot, Inc. (NYSE:HD) is included among the 12 Reliable Dividend Stocks for Maximum Income.
The Home Depot, Inc. (NYSE:HD) is a leading American multinational retailer specializing in home improvement, offering a wide range of tools, construction materials, appliances, and related products. While the housing market has been sluggish, it is expected to rebound eventually. When home sales, new construction, and renovations pick up again, the company is well-positioned to benefit, with the potential for stronger sales growth and higher operating margins.
Looking at The Home Depot, Inc. (NYSE:HD)’s recent performance, sales in the second quarter rose 4.9% compared to the same period last year, while earnings per share slipped slightly to $4.58 from $4.60. Although the numbers show a minor decline in profit, they remain solid considering what CEO Edward Decker described as “a bit of a frozen housing market.”
Despite ongoing challenges in the housing sector, The Home Depot, Inc. (NYSE:HD) still anticipates full-year sales growth of 2.8% and expects to maintain an operating margin of around 13%. This level of profitability supports its dividend comfortably, with a payout ratio of roughly 62%, indicating that the company’s dividend remains well-covered by its earnings. HD has already been growing its dividends for 15 consecutive years, which makes it one of the best dividend stocks to invest in. The company’s quarterly dividend comes in at $2.30 per share and has a dividend yield of 2.42%, as of October 13.
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While we acknowledge the potential of HD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and Top 15 Dividend Growth Stocks for Long-Term Investors.
Disclosure: None.
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