15 Best Next Generation Dividend Aristocrats to Buy

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

Number of Hedge Fund Holders: 102

The Home Depot, Inc. (NYSE:HD) is among the best next-generation dividend aristocrat stocks. The company’s growth has eased in recent years due to several factors. The pandemic accelerated sales as consumers invested heavily in home improvement projects, but was followed by supply chain disruptions, inflation, and higher interest rates.

For fiscal 2025, The Home Depot, Inc. (NYSE:HD) expects just a 1% increase in comparable sales and a 2.8% rise in total sales, aided by the planned opening of around 13 new stores.

Despite the slowdown, The Home Depot, Inc. (NYSE:HD) remains the dominant player in the US home improvement sector, with a presence in Canada, Mexico, and other markets. It has raised its dividend for 16 consecutive years and currently offers a 2.3% yield. Moreover, it has paid dividends for 152 quarters in a row.

Since 2016, the company’s quarterly dividend has grown from $0.69 to $2.30 per share, nearly quadrupling over the past decade.

The Home Depot, Inc. (NYSE:HD) is a retailer specializing in home improvement. It offers a broad selection of products, including building materials, tools, garden and lawn supplies, home décor, and maintenance essentials for residential and commercial use.