13 Best March Dividend Stocks to Buy

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

Ex-Dividend Date: March 12

On February 25, Telsey Advisory raised its price recommendation on The Home Depot, Inc. (NYSE:HD) to $435 from $410. The firm reiterated an Outperform rating on the shares. The analyst said the company continues to stand out as a long-term winner in retail. Despite a difficult macro environment, Home Depot has continued to gain market share and execute consistently.

A day earlier, on February 24, Home Depot reported quarterly earnings that came in ahead of analyst expectations. This was notable given the ongoing weakness in the US housing market. Results were supported by steady demand from professional contractors, along with continued spending on smaller repair and maintenance projects by customers managing tighter budgets. The company has increasingly relied on professional customers, including contractors, builders, and carpenters. Their larger, ongoing projects have helped offset slower demand for major do-it-yourself renovations. Higher borrowing costs and softer housing activity have made many homeowners more cautious about taking on large remodeling work.

In November, Home Depot introduced an AI-powered tool to help professional customers track material lists and estimate project costs. The tool is designed to make project planning more efficient and easier to manage. Home Depot also benefited from selective price increases implemented last year to offset tariff-related costs. Executives said they do not expect to introduce additional price hikes ahead of the spring selling season. Same-store sales rose 0.4% in the fourth quarter. Analysts had expected a largely flat performance, according to data compiled by LSEG, making the result slightly better than anticipated.

The Home Depot, Inc. (NYSE:HD) operates as a home improvement specialty retailer. The company offers building materials, home improvement products, lawn and garden supplies, decor items, and maintenance and repair products through its stores and online platform.