SmarterDividends
HD

The Home Depot, Inc.

HD

Consumer Cyclical · Home Improvement Retail · Stock · quarterly payer

$309.63

Fairly valued · -14% Add to Portfolio

Forward Yield

3.01%

Annual Dividend

$9.32

Payout Ratio

65%

5-Yr Growth

8.9%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about HD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, The Home Depot, Inc. (HD) has a forward dividend yield of 3.01%, based on an annual dividend of $9.32 per share and a share price of $309.63.
  • As of Oct 19, 2026, HD's dividend safety grade from SmarterDividends is A (85 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, The Home Depot, Inc. (HD) has raised its dividend for 16 consecutive years as of Oct 19, 2026.
  • HD has never cut its regular dividend in the payment history SmarterDividends has on record.
  • HD's most recent ex-dividend date was Sep 3, 2026, for a dividend of $2.33 per share.
  • As of Oct 19, 2026, HD pays out 65% of its trailing 12-month earnings as dividends (its payout ratio).
  • HD's dividend has grown at an average rate of 8.9% a year over the past five years.
  • As of Oct 19, 2026, HD's 3.01% yield is 25% above its five-year average yield of 2.41%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for HD is $266.02 per share, 14% below the $309.63 share price, so HD screens as fairly valued.
  • The Home Depot, Inc. (HD) pays its dividend quarterly, 4 times a year.
  • The Home Depot, Inc. (HD) has raised its regular dividend 37 times and cut it 0 times across the 157 payments on record since 1987. Its most recent change was a 1.3% increase to $2.33 per share, going ex-dividend on Mar 12, 2026.
  • Home Depot (HD) has declared its first higher dividend of the year in February in 5 of the last 5 years; its most recent raise, 1.3%, was declared on Feb 24, 2026.
Cite this page

SmarterDividends, "HD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/HD

Summary

As of Oct 19, 2026, The Home Depot, Inc. (HD) yields 3.01% ($9.32 a year per share), has a dividend safety grade of A (85/100) and has 16 consecutive years of dividend increases on record.

Is HD a good dividend stock?

Yes

The Home Depot, Inc. (HD) pays a quarterly dividend yielding 3.01% ($9.32/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 16 consecutive years of dividend growth
  • Never cut its dividend on record
  • Strong 8.9% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Share price is down over the past 5 years

Key Data

Dividend Yield
3.01%
Payout Ratio
65%
Annual Dividend
$9.32
5-Yr Avg Growth
8.9%
Ex-Dividend Date
Sep 3, 2026
Years of Growth
16
Frequency
quarterly
Beta
1.00
Market Cap
$308.9B
P/E Ratio
21.7
5-Yr Total Return
-23%
52-Week Range
$277.15 – $397.63
Dividend Safety
A · 85/100
Ever Cut?
No

HD dividend raises and cuts

The Home Depot, Inc. (HD) has raised its regular dividend 37 times and cut it 0 times across the 157 payments on record since 1987. Its most recent change was a 1.3% increase to $2.33 per share, going ex-dividend on Mar 12, 2026.

Ex-dateChangeOld → newMove
Mar 12, 2026Raise$2.30 → $2.33+1.3%
Mar 13, 2025Raise$2.25 → $2.30+2.2%
Mar 6, 2024Raise$2.09 → $2.25+7.7%
Mar 8, 2023Raise$1.90 → $2.09+10.0%
Mar 9, 2022Raise$1.65 → $1.90+15.2%
Mar 10, 2021Raise$1.50 → $1.65+10.0%
Mar 11, 2020Raise$1.36 → $1.50+10.3%
Mar 13, 2019Raise$1.03 → $1.36+32.0%
Mar 7, 2018Raise$0.890 → $1.03+15.7%
Mar 7, 2017Raise$0.690 → $0.890+29.0%
Mar 8, 2016Raise$0.590 → $0.690+16.9%
Mar 10, 2015Raise$0.470 → $0.590+25.5%
Show all 37 changes since 1988
Ex-dateChangeOld → newMove
Mar 11, 2014Raise$0.390 → $0.470+20.5%
Mar 12, 2013Raise$0.290 → $0.390+34.5%
Nov 29, 2011Raise$0.250 → $0.290+16.0%
Mar 8, 2011Raise$0.236 → $0.250+5.9%
Mar 9, 2010Raise$0.225 → $0.236+4.9%
Nov 28, 2006Raise$0.150 → $0.225+50.0%
Mar 7, 2006Raise$0.100 → $0.150+50.0%
Mar 8, 2005Raise$0.0850 → $0.100+17.6%
Jun 8, 2004Raise$0.0700 → $0.0850+21.4%
Sep 2, 2003Raise$0.0600 → $0.0700+16.7%
Dec 3, 2002Raise$0.0500 → $0.0600+20.0%
Nov 27, 2001Raise$0.0400 → $0.0500+25.0%
Nov 30, 1999Raise$0.0267 → $0.0400+50.0%
Jun 8, 1999Raise$0.0200 → $0.0267+33.3%
Jun 9, 1998Raise$0.0167 → $0.0200+20.0%
Jun 10, 1997Raise$0.0133 → $0.0167+25.0%
Jun 7, 1996Raise$0.0111 → $0.0133+20.0%
Jun 8, 1995Raise$0.0089 → $0.0111+25.0%
Jun 6, 1994Raise$0.0067 → $0.0089+33.3%
Jun 10, 1993Raise$0.0050 → $0.0067+33.3%
May 22, 1992Raise$0.0033 → $0.0050+50.0%
Jul 3, 1991Raise$0.0022 → $0.0033+50.0%
Jul 16, 1990Raise$0.0015 → $0.0022+50.0%
Jul 11, 1989Raise$0.0010 → $0.0015+49.9%
Jun 1, 1988Raise$0.0007 → $0.0010+50.2%
Every HD payment →Download every raise and cut (CSV)
HD ex-dividend date & scheduleNext ex-date Sep 3, 2026 · full ex-dividend historyView →HD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is HD a good dividend stock?

Yes. The Home Depot, Inc. (HD) pays a quarterly dividend yielding 3.01% ($9.32/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is HD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HD's fair value is about $266.02 versus a $309.63 share price — so it looks fairly valued (-14% vs. fair value).

Is HD's dividend safe?

HD has a dividend-safety grade of A (85/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is HD's fair value?

Our blended fair-value estimate for HD is about $266.02 per share, about 14% below the current $309.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is HD a buy, hold, or sell?

We don't issue formal ratings, but on the data HD screens as "yes" and fairly valued. The Home Depot, Inc. (HD) pays a quarterly dividend yielding 3.01% ($9.32/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will HD cut its dividend?

HD earns a dividend-safety grade of A (85/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does HD pay a dividend?

Yes. The Home Depot, Inc. pays a quarterly dividend of about $9.32 per share annually, a forward yield of roughly 3.01%.

What is HD's dividend yield?

As of Oct 19, 2026, HD's forward dividend yield is 3.01%, based on a $9.32 annual dividend and a $309.63 share price.

What is HD's dividend per share?

As of Oct 19, 2026, HD pays $9.32 per share per year, distributed on a quarterly basis.

What is HD's dividend payout ratio?

As of Oct 19, 2026, HD's payout ratio is 65% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has HD grown its dividend?

As of Oct 19, 2026, HD has increased its dividend for 16 consecutive years.

When is the next HD ex-dividend date?

As of Oct 19, 2026, HD's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $2.33 per share.

Income Calculator

At $9.32 / yr per share

Per payment (quarterly)$233.00
Annual$932.00
Monthly avg$77.67

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