Home Depot (HD), the world’s largest home improvement retailer, today reported fourth quarter and fiscal 2019 results.
Home Depot’s fiscal Q4-2019 main figures are:
- Earnings per share: $2.28 vs. expected $2.10
- Revenue: $25.78 billion vs. expected $25.76 billion
- Same-store sales: up 5.2% vs. expected 4.8%
Home Depot Dividend
Home Depot also announced today that its board of directors approved a 10% increase in its quarterly dividend to $1.50 per share, so to an annual dividend of $6.00 per share. This is the 11th consecutive year of dividend increases. The dividend is payable on March 26, 2020, to shareholders of record on the close of business on March 12, 2020. Current dividend yield 2.27%
Home Depot Outlook
Home Depot has cut its forecast twice in 2019. The company’s forecast for fiscal 2020, is a total sales growth between 3.5% and 4% and same-store sales growth of between 3.5% and 4%. HD also plans to open six new stores in 2020.
