Home Depot dividend yield 3.08% cited

Benzinga said on May 14 that Home Depot’s dividend yield stood at 3.08% ahead of the retailer’s first-quarter earnings report due on May 19. The market-news site said that yield reflected a quarterly dividend of $2.33 per share, or $9.32 on an annualized basis, and used that figure to sketch an income example for investors seeking monthly cash flow. Home Depot’s investor relations site lists its first-quarter 2026 earnings release for May 19, while a February dividend increase lifted the company’s quarterly payout from $2.30 to $2.33. ### Where does the 3.08% yield figure come from? Benzinga wrote that the 3.08% figure was current “as of now” in its May 14 note and tied it to Home Depot’s annualized dividend of $9.32 per share. The article also said Home Depot shares had fallen 2.6% to close at $302.55 on Wednesday, a reminder that dividend yield moves with the stock price as well as the payout. (benzinga.com) Home Depot’s board raised the quarterly dividend to $2.33 on Feb. 24 from $2.30, according to a Dow Jones report carried by Morningstar. That increase set the annualized payout at $9.32, which is the cash figure Benzinga used in its calculations. ### How did Benzinga get to $500 a month? (benzinga.com) Benzinga said an investor seeking $500 a month, or $6,000 a year, in dividend income from Home Depot alone would need about 644 shares. Using the same $9.32 annual dividend, the article said a $100-a-month target would require about 129 shares. (morningstar.com) The May 14 note put the estimated capital needed for the $500-a-month example at roughly $194,842. Benzinga described the exercise as a dividend-income illustration and noted that yield changes over time because both the stock price and the dividend can change. (benzinga.com) ### What has Home Depot itself said about the dividend? Home Depot said on Nov. 20, 2025, that its board had declared a quarterly cash dividend of $2.30 per share, payable on Dec. 18, 2025, to shareholders of record on Dec. 4, 2025. The company said at the time that it had paid a cash dividend for 155 consecutive quarters. (benzinga.com) On Feb. 24, 2026, the company raised that quarterly payout to $2.33, according to the Dow Jones report. The report said the higher dividend was payable on March 26 to shareholders of record on March 12. ### What are investors waiting for on May 19? Home Depot’s investor relations page lists “Q1 2026 The Home Depot, Inc. (ir.homedepot.com) Earnings Release” for May 19, 2026. The company also posted a May 5 notice saying it would host its first-quarter earnings conference call on May 19. Benzinga said analysts expected first-quarter earnings of $3.41 per share on revenue of $41.54 billion, compared with $3.56 per share and $39.86 billion in the year-earlier period. (morningstar.com) The same article said Truist Securities analyst Scot Ciccarelli maintained a Buy rating on Wednesday and cut his price target to $394 from $424 ahead of the report. (ir.homedepot.com) ### Why does the yield matter more when the stock moves? Benzinga said dividend yield is calculated by dividing the annual dividend payment by the stock’s current price. In its example, the site showed that if a stock paying $2 a year trades at $50, the yield is 4%, but if the price rises to $60 the yield falls to 3.33%, and if the price drops to $40 the yield rises to 5%. (benzinga.com) Home Depot’s 3.08% figure in the Benzinga note was therefore a snapshot based on the stock price at that time, not a fixed return. The underlying cash dividend cited in the article was $2.33 a quarter, or $9.32 a year. May 19 is the next dated milestone in the story. (benzinga.com) Home Depot’s investor relations calendar lists the first-quarter 2026 earnings release that day, followed by the company’s annual meeting of shareholders on May 21. (ir.homedepot.com)