Home Depot (HD 1.12%) is nailing a new shareholder payout to the wall. The company has declared a dividend for its Q1 of $0.39 per share. This will be paid on June 20 to shareholders of record as of June 9. That amount matches the firm's previous distribution; this was handed out in late March, and represented a $0.10 raise over the preceding payout.
In the press release announcing the move, the company pointed out that it marks the 105th consecutive quarter it has paid a dividend.
That dividend annualizes to $1.56 per share. That yields just under 2% at Home Depot's most recent closing stock price of $78.98.
