The Home Depot (HD) – Among the 12 Best Blue Chip Dividend Stocks to Buy Now

With an annual dividend yield of 2.99%, The Home Depot, Inc. (NYSE:HD) is included among the 12 Best Blue Chip Dividend Stocks to Buy Now.

The Home Depot (HD) - Among the 12 Best Blue Chip Dividend Stocks to Buy Now

The Home Depot, Inc. (NYSE:HD) is the largest home improvement specialty retailer in the world, engaging in the sale of building materials and home improvement products. The company operates over 2,300 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, Canada, and Mexico.

On May 5, BofA reinstated coverage of Home Depot, Inc. (NYSE:HD) with a ‘Buy’ rating and a price target of $374, indicating an upside potential of 20% from the current share price.

The analyst firm called Home Depot, Inc. (NYSE:HD) its preferred stock within the home improvement sector, citing the company’s strong comparable growth driven by higher Pro penetration. BofA expects the company’s customer traffic trends to remain more resilient than its competitors.

Home Depot, Inc. (NYSE:HD) is projecting total sales growth of approximately 2.5% to 4.5% for FY 2026. Meanwhile, the company’s adjusted EPS growth is expected to range from flat to up 4% from the $14.69 delivered in FY 2025, reflecting a disciplined operating approach centered on cost control and steady demand capture rather than cyclical recovery assumptions. Home Depot is also targeting to open approximately 15 new stores in the ongoing year.

While we acknowledge the risk and potential of HD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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