5 Dividend Stocks With Over 2% Yield

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

Dividend Yield as of September 27: 2.83%

Number of Hedge Funds Holders: 80

Total Value of Hedge Fund Holdings: 5.35 billion

Based in Georgia, The Home Depot, Inc. (NYSE:HD) is a home improvement retail corporation that operates globally. The company has more than 2300 stores and also has a strong presence in the e-commerce industry.

Given the growth in its earnings, The Home Depot, Inc. (NYSE:HD) has increased its annual dividend for 12 straight years. As a result, the company has a dividend yield of 2.83% and a forward P/E ratio of 15.49 as of September 27.

80 hedge funds in Insider Monkey’s database had The Home Depot, Inc. (NYSE:HD) in a bullish position at the end of the second quarter of 2022. These hedge funds held shares in the firm worth about $5.35 billion. Fisher Asset Management, with a position worth $2.29 billion, stood as the largest shareholder of Home Depot, Inc. (NYSE:HD).