Home Depot (NYSE:HD) 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.
Fool contributor Eric Volkman has no position in Home Depot The Motley Fool recommends Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.