10 Companies that Just Raised their Dividends

2. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 88

The Home Depot, Inc. (NYSE:HD) is a multinational home improvement company that sells related tools and products to its consumers. With a presence in more than 2,300 locations across North America, the company’s performance remains closely tied to real estate market trends. While it has sustained steady growth and strong profitability, higher mortgage rates have posed challenges. Rising borrowing costs have led to a slowdown in home sales and a tighter housing supply, which has, in turn, affected consumer spending on home improvement projects.

The Home Depot, Inc. (NYSE:HD) delivered strong fourth-quarter earnings for 2024, with revenue reaching $39.7 billion—marking a year-over-year increase of more than 14%. For fiscal 2025, the company anticipates total sales growth of approximately 2.8%, with comparable sales expected to rise by around 1% over the same 52-week period. In addition, it plans to open about 13 new stores and projects a gross margin of roughly 33.4%.

The Home Depot, Inc. (NYSE:HD) closed the quarter with over $1.65 billion in cash and cash equivalents. Throughout fiscal 2024, it generated nearly $20 billion in operating cash flow, reinforcing its strong financial position. This stability has allowed Home Depot to sustain uninterrupted dividend payments for 152 consecutive quarters. On February 25, the company hiked its dividend by 2.2% to $2.30 per share. This was the company’s 15th consecutive year of dividend growth. With a dividend yield of 2.38% as of March 6, HD is among the stocks that raised their dividends.