If You Own Stock in This Top 5 Retailer, They Have News That Will Make You Money

Home Depot is the largest home improvement retailer and the fourth largest retailer by revenue. No doubt many long-term Home Depot shareholders are happy investors, and on Tuesday they were just given even more reason to rejoice. “Today our Board approved a 10% increase in our quarterly dividend to $2.09 per share, which equates to annual dividend of $8.36 per share,” CEO Edward Decker said on the call, adding, “we believe that the long-term underpinnings of our market remain strong, and we are well positioned to leverage our distinct competitive advantages to capitalize on compelling growth opportunities in our space.”