HD vs HNI: Which Is the Better Dividend Stock?
As of Oct 24, 2026, HD (The Home Depot, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. HNI offers the higher yield at 2.94%, HD has the higher dividend-safety score, and HNI looks like the better value (its fair-value estimate is 7% below its share price).
Key facts: HD vs HNI
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, HNI Corporation (HNI) has the higher forward dividend yield at 2.94%, versus 2.91% for The Home Depot, Inc. (HD).
- As of Oct 24, 2026, SmarterDividends grades HD's dividend safety A (85/100) and HNI's A (85/100).
- By SmarterDividends' count as of Oct 24, 2026, HD has raised its dividend for 16 consecutive years and HNI for 15.
- As of Oct 24, 2026, HD's fair-value estimate is 17% below its share price and HNI's fair-value estimate is 7% below its share price, so HNI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HD vs HNI: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/hd-vs-hni
| Metric | HD | HNI |
|---|---|---|
| Forward yield | 2.91% | 2.94% |
| 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 | -20% | 20% |
| Dividend safety score | 85 (A) | 85 (A) |
| Fair value estimate | $266.02 | $44.38 |
| Upside to fair value | -17% | -7% |
| Frequency | quarterly | quarterly |
| Market cap | $319.1B | $3.4B |
| P/E ratio | 22.4 | — |
Higher yield
HNI
2.94%
Safer dividend
HD
Grade A
Faster growth
HD
8.9%
Better value
HNI
-7% upside
HD vs HNI — FAQ
Is HD or HNI a better dividend stock?
On the data, HD wins more head-to-head categories (4 vs 3). HNI offers the higher yield (2.94%), while HD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HD or HNI?
HNI has the higher forward dividend yield at 2.94%, versus 2.91% for HD.
Is HD or HNI safer?
HD has the higher dividend-safety score (85/100 vs 85/100), reflecting stronger payout coverage and dividend-growth history.
Is HD or HNI better value right now?
As of Oct 24, 2026, HNI looks like the better value: its fair-value estimate is 7% below its share price (fairly valued). For HD, its fair-value estimate is 17% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.