#5 - Home Depot (NYSE:HD)
Home Depot (NYSE: HD) is another appealing dividend stock that’s proven its mettle over the long haul. The company makes up part of a virtual duopoly with Lowe’s Companies Inc. (NYSE: LOW) in the home improvement market. This is a category that frequently moves with homebuilder stocks, but that doesn’t really show the value that you can get.
For that, you have to look at the company’s FCF. In 2024, Home Depot delivered $17.94 billion in FCF, a 56% increase from the $11.49 billion the company reported in 2023. And even though the 2023 number was below the 2022 number, both numbers are higher than in 2019.
In addition to Home Depot’s stellar FCF, it has delivered a total return of over 102% between 2020 and 2024. That includes a dividend that has increased for 15 consecutive years and has been growing at an average annualized rate of 10.89% in the last three years.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
More- Current Price
- $412.64
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 22 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $431.00 (4.4% Upside)
