5 Dividend Stocks to Buy Amid the Market Decline

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

Dividend Yield as of 10/17: 2.7%

Number of Hedge Fund Holders: 80

Although the housing market isn’t very strong right now given the interest rate increases, The Home Depot, Inc. (NYSE:HD) nevertheless is attractive long term given its earnings power and its growth potential. The Home Depot, Inc. (NYSE:HD) also has a pretty attractive current valuation with a forward P/E ratio of 16.22 as of 10/17. The stock has a dividend yield of 2.7% and the company has increased its annual dividend for 12 straight years. Although its stock could go lower if there is a recession or if the markets fall, The Home Depot, Inc. (NYSE:HD) is a quality stock.

80 hedge funds in our database were bullish on The Home Depot, Inc. (NYSE:HD) at the end of the second quarter.