These 5 Dow Stocks Will Boost Their Dividends Soon

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

Expected Month for Dividend Increase: February 2024

The Home Depot, Inc. (NYSE:HD) is next on our list of the Dow stocks that will boost their dividends soon. The American home improvement company last raised its dividend in February 2023 by 10% to $2.09 per share. Based on the consistent pattern established over the past few years, there’s an expectation that the company will continue this trend and announce a dividend raise in the upcoming February. The stock has a dividend yield of 2.44%, as of January 5.

The number of hedge funds tracked by Insider Monkey owning stakes in The Home Depot, Inc. (NYSE:HD) grew to 76 in the third quarter 2023, from 68 in the previous quarter. The overall value of these stakes is nearly $5.2 billion.

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