The Home Depot, Inc. (HD) Dividend History
Income profile from 1987 to 2026 with payout safety and yield-on-cost trend
3-Second Income Check
Safety
64.7% payout ratio with watch safety profile.
Consistency
16 straight years of dividend increases.
Income Trend
Yield on cost is 3.5% and trend is rising.
Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (40 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
The Home Depot, Inc. distributes 64.7% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 72.4%, rated "Adequate".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
HD has raised its dividend for 16 consecutive years, with a 3-year CAGR of 6.6% and 5-year CAGR of 8.9%.
Total Shareholder Returns
Beyond cash dividends, HD returns capital through share repurchases. The combined picture: 2.4% dividend yield, 2.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.5% and is currently rising. The 5-year total return is 61.1%, with dividends contributing 15.6% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $35,720 today.
Recent Dividend Payments
Last 20 payments · Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 12, 2026Latest | $2.3300 | ↑ +1.3% | 2.42% | Mar 26, 2026 |
| Dec 4, 2025 | $2.3000 | — | 2.62% | Dec 18, 2025 |
| Sep 4, 2025 | $2.3000 | — | 2.22% | Sep 18, 2025 |
| Jun 5, 2025 | $2.3000 | — | 2.46% | Jun 18, 2025 |
| Mar 13, 2025 | $2.3000 | ↑ +2.2% | 2.61% | Mar 27, 2025 |
| Nov 27, 2024 | $2.2500 | — | 2.11% | Dec 12, 2024 |
| Aug 29, 2024 | $2.2500 | — | 2.41% | Sep 12, 2024 |
| May 30, 2024 | $2.2500 | — | 2.64% | Jun 13, 2024 |
Dividend Peer Comparison
Peer group: Home improvement and flooring retailers
Annual Dividend History
40 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $2.33 | — | 1 | — | — | — | 0.9% |
| 2025 | $9.20 | 2.2% | 4 | $14.23 | 64.7% | 1.55x | 3.5% |
| 2024 | $9.00 | 7.7% | 4 | $14.91 | 60.4% | 1.66x | 3.4% |
| 2023 | $8.36 | 10.0% | 4 | $15.11 | 55.3% | 1.81x | 3.2% |
| 2022 | $7.60 | 15.2% | 4 | $16.69 | 45.5% | 2.20x | 2.9% |
| 2021 | $6.60 | 10.0% | 4 | $15.53 | 42.5% | 2.35x | 2.5% |
| 2020 | $6.00 | 10.3% | 4 | $11.94 | 50.3% | 1.99x | 2.3% |
| 2019 | $5.44 | 32.0% | 4 | $10.25 | 53.1% | 1.88x | 2.1% |
| 2018 | $4.12 | 15.7% | 4 | $9.73 | 42.3% | 2.36x | 1.6% |
| 2017 | $3.56 | 29.0% | 4 | $7.29 | 48.8% | 2.05x | 1.3% |
See HD's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does HD pay per share?
The Home Depot, Inc. (HD) pays a trailing 12-month dividend of $9.18 per share, with a current dividend yield of +2.4%. Payments are made Annual.
When is HD's next ex-dividend date?
HD's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. HD typically pays dividends Annual.
Is HD's dividend safe?
HD's dividend safety is rated "Watch" based on an earnings payout ratio of +64.7% and FCF payout ratio of +72.4%. With 16 consecutive years of dividend growth, the track record supports sustainability.
Is HD a Dividend Achiever?
Yes, The Home Depot, Inc. is classified as a Dividend Achiever with 16 consecutive years of dividend increases. The 5-year dividend CAGR is +8.9%, demonstrating above-inflation dividend growth.
How often does HD pay dividends?
The Home Depot, Inc. pays dividends Annual. The trailing 12-month total is $9.18 per share. Dividend data on this page covers 39+ years from 1987 to 2026.
How much would $10,000 invested in HD grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in HD five years ago would be worth approximately $16,110 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is HD's yield on cost for long-term holders?
HD's yield on cost — the current dividend divided by the original purchase price — is +3.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.4% market yield, thanks to consistent dividend growth.