HD vs HNI: Which Is the Better Dividend Stock?
As of September 2026, HD (The Home Depot, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. HD offers the higher yield at 2.90%, HD has the higher dividend-safety score, and HNI trades at the larger discount to fair value (-8%).
| Metric | HD | HNI |
|---|---|---|
| Forward yield | 2.90% | 2.82% |
| Annual dividend | $9.32 | $1.40 |
| Payout ratio | 65% | 504% |
| Years of growth | 16 yr | 15 yr |
| 5-yr dividend growth | 8.9% | 2.0% |
| 5-yr total return | -2% | 35% |
| Dividend safety score | 85 (A) | 85 (A) |
| Fair value estimate | $253.54 | $45.59 |
| Upside to fair value | -21% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $320.3B | $3.6B |
| P/E ratio | 22.5 | — |
Higher yield
HD
2.90%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
HNI
-8% upside
HD vs HNI — FAQ
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