HD Dividend Calculator
Dividend growth rate (CAGR)
| Year | Yield | Div / share | Annual income | Yield on cost | Cumulative income | Portfolio value | Shares |
|---|---|---|---|---|---|---|---|
| 1 | 3.1% | $9.22 | $303.00 | 2.4% | $303.00 | $12,589 | 41.78 |
| 2 | 3.4% | $10.02 | $418.68 | 2.8% | $721.68 | $15,268 | 51.18 |
| 3 | 3.7% | $10.89 | $557.31 | 3.2% | $1,279 | $18,058 | 61.15 |
| 4 | 4.0% | $11.83 | $723.45 | 3.7% | $2,002 | $20,985 | 71.78 |
| 5 | 4.4% | $12.86 | $922.76 | 4.2% | $2,925 | $24,081 | 83.20 |
| 6 | 4.9% | $13.97 | $1,162 | 4.8% | $4,087 | $27,385 | 95.57 |
| 7 | 5.4% | $15.18 | $1,451 | 5.4% | $5,538 | $30,942 | 109.08 |
| 8 | 5.9% | $16.49 | $1,799 | 6.2% | $7,337 | $34,811 | 123.95 |
| 9 | 6.4% | $17.92 | $2,221 | 7.0% | $9,559 | $39,061 | 140.49 |
| 10 | 7.1% | $19.47 | $2,736 | 8.0% | $12,294 | $43,780 | 159.06 |
Year 1-10 dividend income (preview)
Based on a $10,000 initial investment with $200.00 monthly contributions, DRIP on.
Historical dividends per share
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-03-12 | $2.33 | 3.4% | 2.7% | $338.93 |
| 2025-12-04 | $2.30 | 2.6% | 2.6% | $351.17 |
| 2025-09-04 | $2.30 | 2.2% | 2.2% | $411.69 |
| 2025-06-05 | $2.30 | 2.5% | 2.5% | $369.28 |
| 2025-03-13 | $2.30 | 2.6% | 2.6% | $347.25 |
| 2024-11-27 | $2.25 | 2.6% | 2.1% | $427.19 |
| 2024-08-29 | $2.25 | 2.4% | 2.5% | $367.06 |
| 2024-05-30 | $2.25 | 2.6% | 2.7% | $329.18 |
| 2024-03-06 | $2.25 | 2.8% | 2.4% | $377.44 |
| 2023-11-29 | $2.09 | 3.3% | 2.7% | $311.02 |
| 2023-08-30 | $2.09 | 3.0% | 2.5% | $330.63 |
| 2023-05-31 | $2.09 | 3.5% | 2.9% | $283.45 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of last 12 months of payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About HD
The Home Depot, Inc. — ticker HD — is the largest home-improvement retailer in the United States and a dividend grower with a distinctive resilience-through-cycles record. The company has raised its dividend in each of the last fourteen-plus consecutive years, with the current annual-increase streak dating from 2010–2011. The relevant piece of history for an income-focused reader is what happened during the 2008–2009 financial crisis and housing bust: Home Depot did NOT cut its dividend, but the company held the per-share quarterly amount flat for several years through the worst of the housing-market downturn. The flat window broke the prior consecutive-annual-increase pattern; the current streak counts from the 2010–2011 resumption of regular hikes rather than from the longer pre-crisis history. That distinction matters because it explains why HD is classified outside the strict Dividend Aristocrat criteria despite a multi-decade record of paying (and never cutting) the dividend. The structural reading is that Home Depot's dividend survived the deepest housing-cycle stress test on record — a meaningful piece of evidence on the durability of the underlying business — even though the streak technicality breaks the pre-crisis count.
Home Depot operates in the Consumer Cyclical sector, specifically home-improvement retail. The business sells building materials, lawn and garden supplies, tools, hardware, decor, paint, plumbing, and electrical products through a network of over two thousand large-format warehouse stores in the US, Canada, and Mexico. Revenue splits roughly between two customer segments: do-it-yourself homeowners (the larger share by transaction count) and professional contractors (the larger share by per-transaction dollar value). The professional segment has been a strategic growth focus, including through the 2024 SRS Distribution acquisition that materially expanded Home Depot's reach into roofing, landscape, and pool-supply distribution channels serving professional installers. The cyclical character of the business comes from its exposure to home-improvement demand, which correlates with housing turnover, mortgage rates, home equity values, and consumer-confidence cycles — meaning revenue and earnings move with broader housing-market conditions rather than the steadier defensive demand profile of grocery or pharmacy retail.
The dividend mandate has been treated as a structural commitment since the 2010–2011 streak resumption, with management consistently prioritizing maintaining and growing the dividend alongside reinvestment in the store base, supply-chain technology, and the professional customer initiative. Share repurchases have been a meaningful but secondary lever. Home Depot maintains an investment-grade credit profile, supported by the recurring free cash flow generated by the large-format store base and the supplier-relationship network. Expense ratio is not applicable to individual stocks — the figure you'll see in the calculator above is zero, since there is no fund wrapper between you and the underlying shares. The dividend has not been cut in the post-2010 streak window, and across the company's full public history the only break in the increase cadence was the 2008–2010 flat period — there has been no dividend reduction in Home Depot's history.
How HD pays dividends
Home Depot pays cash dividends quarterly, on a March–June–September–December cadence. The board declares the per-share amount each quarter; the ex-dividend date typically falls in the last week of the second month of the quarter, and the pay date falls roughly two weeks after the ex-date. Holders who own shares as of the close on the day before the ex-date receive the dividend; holders who buy on or after the ex-date wait for the next quarterly payment. On the ex-date the share price drops by approximately the distribution amount on the open, reflecting the fact that the company has paid the cash out of its balance sheet.
Holders who DRIP through their broker receive additional shares purchased at the prevailing market price around the pay date. Most major brokers offer fractional-share DRIP for Home Depot, so the full cash distribution is reinvested even when the per-share amount divided by the share price doesn't produce a whole number. The mechanics are identical to any other quarterly US dividend stock — there is no managed-distribution policy, no covered-call overlay, and the cash that funds the dividend comes from operating free cash flow generated by the combined do-it-yourself and professional retail business.
Recent growth pattern: Home Depot has typically raised the quarterly per-share amount once per year, with the new rate taking effect on the dividend payment following the late-winter announcement. The size of the annual hike has historically run in the high single digits to low double digits — faster than most mature dividend stocks, reflecting Home Depot's underlying earnings growth from the post-2010 housing recovery and the professional-customer initiative. Growth has moderated somewhat during the higher-rate environment that has compressed housing-market activity since 2022, with management balancing dividend continuity against the cyclical pressure on do-it-yourself transaction volumes. The calculator on this page uses a recent dividend growth rate to project the income line forward; you can override this with a custom growth rate if you want to model a more conservative or more optimistic path. Modeling Home Depot with a slightly more conservative growth assumption than the pre-2022 trailing average is generally a more honest framing given the cyclical-sector exposure.
Home Depot's dividends are qualified for the long-term capital-gains rate in taxable accounts, given the standard sixty-day holding-period rule. Most buy-and-hold investors clear this threshold easily. In tax-advantaged accounts the qualified-dividend treatment is moot because no current-year tax applies.
Who HD suits
Home Depot suits investors who want exposure to a leading US specialty retailer with a meaningful current yield — typically in the two-to-three-percent range, sometimes higher — and who are comfortable with the underlying cyclicality of housing-market demand. The yield sits modestly above the broader S&P 500 average and reflects both the maturity of the home-improvement business model and the market's pricing of housing-cycle exposure. The trade-off is the canonical cyclical-grower pattern: meaningful current yield with above-average dividend growth potential in housing-recovery windows, in exchange for the variability of earnings and dividend-growth pace across housing cycles.
The most useful peer comparison is HD versus LOW (Lowe's Companies, Inc.) — the two are the largest home-improvement retailers in the US and the most direct peer pair in the entire sector. Lowe's holds a Dividend Aristocrat status (its annual-increase streak crossed twenty-five years before Home Depot's flat 2008–2010 window broke the comparable HD streak), while Home Depot operates with a shorter post-2010 streak. The two companies face similar cyclical exposure and serve broadly similar customer segments, with Home Depot historically running stronger same-store sales and operating margins; Lowe's offers somewhat more aggressive turnaround optionality. Many income-focused portfolios hold one or the other rather than both, since the correlation between the two stocks is high; some hold both for diversification within home-improvement-sector exposure. (LOW is not currently in our calculator system, but the comparison is the standard one for the category.)
In taxable accounts, Home Depot's dividends benefit from qualified-dividend treatment. In tax-advantaged accounts the treatment is moot. The structural case for HD in a long-horizon dividend portfolio is the combination of a meaningful current yield, above-average dividend growth potential, and the demonstrated dividend resilience through the deepest housing-cycle stress test on record (2008–2010) — features that together make Home Depot one of the higher-quality cyclical-sector dividend holdings available in US equities, even though the strict Aristocrat criteria are not met. As with any single-stock position, this content is educational only; it is not a recommendation to buy, sell, or hold Home Depot, and individual circumstances vary. Retail-sector-specific risks — including housing-market cyclicality, mortgage-rate sensitivity, e-commerce competitive pressure, and the integration outcome of the 2024 SRS Distribution acquisition — should be weighed against the dividend continuity record.
Hypothetical scenarios
Scenario 1: $10,000 invested in Home Depot at the start of 2011, after the post-housing-bust streak resumed
Consider a hypothetical purchase of $10,000 of Home Depot stock at the start of 2011, immediately after the company resumed regular annual dividend increases following the extended flat window through the 2008–2010 housing bust. We use this entry point deliberately. The pre-2008 dividend record reflects a different housing-cycle environment and a streak that was effectively broken by the multi-year flat period; treating the pre- and post-bust periods as a continuous holding overstates the historical compound growth of the income line. Starting the scenario at the beginning of the modern rebuild streak is the honest framing for an income investor evaluating Home Depot's track record today. At the early-2011 entry price, the $10,000 would have purchased roughly two hundred eighty shares.
Holding from 2011 through to the present, with quarterly dividends reinvested via DRIP, three forces compound together. First, the per-share dividend grew each year as Home Depot maintained the new streak, with annual hikes in the high single digits and low double digits through the late 2010s and into the 2020 to 2022 home-improvement demand surge, moderating somewhat through the higher-rate environment that began in 2022. Second, the share count grew as DRIP reinvested every quarterly distribution; given Home Depot's moderate entry yield, share-count growth alone contributed meaningfully. Third, the share price climbed substantially across the window — Home Depot's stock was one of the strongest large-cap performers of the 2010s, with material drawdowns at the 2018 correction, the March 2020 COVID dip, and the 2022 rate-driven housing-activity compression.
The illustrative outcome is not a precise dollar figure. It depends on the exact reinvestment prices, dividend taxes paid along the way in a taxable account, and the specific entry and exit timing. The structural point is that Home Depot's combination of moderate entry yield, fast per-share dividend growth, and substantial price appreciation produced a total return shape with strong contributions from both the income line and the price line. The annual dividend income at the end of the period is meaningfully larger than year-one income, and the post-2010 streak has survived a meaningful housing-cycle pressure window through 2022 to 2024 without interruption. HD is offered as a structural illustration, not a forecast.
Scenario 2: $50,000 today plus $500/month for 20 years
Consider a hypothetical accumulation strategy in Home Depot: $50,000 starting capital, plus $500 per month added on a regular cadence for 20 years. The calculator on this page can model this exactly — set Initial investment to $50,000, Extra contribution to $500, Contribution frequency to Monthly, time horizon to 20 years, and leave DRIP on. Use a dividend growth assumption somewhere between the higher historical trailing average and a more conservative cyclical-aware figure — modeling Home Depot with a slightly more conservative growth path than the pre-2022 peak-growth window is generally more honest given that the 20-year projection window will span multiple housing cycles.
The mechanics: each month, the new $500 buys additional shares at the current price, adding to the share count and therefore to next quarter's dividend. Each quarter the dividend received is reinvested. Because Home Depot's entry yield is moderate — typically in the two-to-three-percent range — both DCA and DRIP contribute meaningfully to share-count growth, with DRIP gaining a larger share of expansion as the position size grows over later years of the projection.
What's worth focusing on is the cyclical pattern of the projection. For a housing-cycle-exposed stock like Home Depot, the DCA pattern has a structural side benefit: monthly contributions made during housing-market downturns buy more shares per dollar than during peaks, mechanically tilting the average entry price downward across the holding period. The first few years are slower because the base of dividend-generating shares is small; by year ten the annual dividend has grown significantly above year one; by year twenty the income line has compounded substantially, with the magnitude sensitive to the dividend growth assumption and to the housing-cycle path. Real outcomes depend on Home Depot's future capital allocation, US housing-market activity, mortgage-rate cycles, tax treatment, and the broader path of US equity markets. Educational only; not a forecast.
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-15.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.