Jim Cramer on Home Depot: “You Can Own it and Let That Dividend Compound Over Time”

The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer shared insights on. Cramer explained why the Charitable Trust kept adding to Home Depot shares, as he remarked:

“One year ago today, we bought the stock of Home Depot for the Charitable Trust. We were looking for a rate cut… We got that rate cut, but it didn’t do what it was supposed to… starting a huge descent for the stock of Home Depot. But did we sell? No, we did the opposite, and we told you to do so too. We bought more and more and told club members at last, this is your chance to get big in the stock of Home Depot, which you don’t usually get to do… Home Depot is one of the better ones… The job market’s weak enough that we’re going to get that rate cut, and it will be meaningful, and that’s exactly the moment when I think Home Depot is really going to spike… Home Depot stock traded down to the 330s at its post-Liberation Day lows after we bought it a year ago… Home Depot has a solid 2.23% dividend yield. You can own it and let that dividend compound over time.”

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The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that provides building materials, décor, lawn and garden products, and maintenance supplies. In addition, the company offers installation services, tool rentals, and online platforms for consumers, contractors, and professional tradespeople.

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Disclosure: None. This article is originally published at Insider Monkey.