The Home Depot (HD) Supports Consistent Returns in a Dividend Stock Portfolio

The Home Depot, Inc. (NYSE:HD) is included among the Best Stocks for a Dividend Stock Portfolio.

The Home Depot, Inc. (NYSE:HD) is a household name and a dominant force in the home improvement market. With more than 2,000 locations across the US, the retailer has easy access to a vast share of the nation’s consumers.

Regardless of interest rate movements, The Home Depot, Inc. (NYSE:HD) remains well-positioned. The home improvement sector is enormous—  valued at roughly $1 trillion—  and highly fragmented. This gives the company a competitive edge over smaller players, supported by its strong brand recognition, extensive product selection, and seamless omnichannel platform.

For fiscal 2025, The Home Depot, Inc. (NYSE:HD) is planning to open 13 new stores. While physical expansion is no longer the main growth driver, the company’s long-term prospects remain solid. Over the next five years, revenue is expected to climb further. Although growth may not match past highs, the company still has plenty of runway left.

The Home Depot, Inc. (NYSE:HD) holds a 16-year streak of consistent dividend growth, which makes it one of the best stocks for a dividend stock portfolio. The company offers a quarterly dividend of $2.30 per share and has a dividend yield of 2.20%, as recorded on September 18.

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