Home Depot's Dividend Strengthens as TD Cowen Reaffirms Buy Rating

The Home Depot, Inc. (NYSE:HD) is one of the best dividend stocks according to Jim Cramer.

TD Cowen reiterated a Buy rating for the company, with a price target of $470.

The American multinational home improvement retail corporation, The Home Depot, Inc. (NYSE:HD) carries on the business of selling tools, construction products, and appliances. The company also offers some services, including fuel and transportation rentals. Headquartered in Georgia, the company is the largest home improvement retailer in the U.S.

The company’s share price fell this week following the White House’s instructions to ICE, which disrupted The Home Depot, Inc. (NYSE:HD)’s day-to-day business. In an article published on June 11, 2025, The Wall Street Journal reported that ICE was instructed to target the retail giant’s parking lots as part of President Trump’s immigration crackdown. The directive disrupts a long-standing informal labor relationship.

On June 12, 2025, TD Cowen noticed an opportunity and hence reiterated the Buy rating on the stock, encouraging interested investors to purchase the stock when it is available at its lowest.

Meanwhile, for those interested in the stable income of The Home Depot, Inc. (NYSE:HD), the company offers a dividend yield of 2.53%, which it meets with a payout ratio of 61.44%. June 18, 2025, marks the 153^rd consecutive quarter of dividend payments.

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.

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