The Home Depot Declares First Quarter Dividend of $1.65 and Announces $20 Billion Share Repurchase Authorization

Rhea-AI Summary

The Home Depot announced a cash dividend of $1.65 per share for Q1, payable on June 17, 2021. This marks the 137th consecutive quarter of dividend payments. Additionally, the board authorized a $20 billion share repurchase program, replacing the previous one. In fiscal 2020, The Home Depot reported $132.1 billion in sales and $12.9 billion in earnings, with approximately 500,000 associates, reinforcing its status as a leading retailer in the home improvement sector.

Positive

• Declared Q1 cash dividend of $1.65, continuing a 137-quarter streak.
• Authorized a new $20 billion share repurchase program to enhance shareholder value.
• Strong fiscal 2020 performance with $132.1 billion in sales and $12.9 billion in earnings.

Negative

• None.

ATLANTA, May 20, 2021 /PRNewswire/ -- The Home Depot^®, the world's largest home improvement retailer, today announced that its board of directors declared a first quarter cash dividend of $1.65 per share. The dividend is payable on June 17, 2021, to shareholders of record on the close of business on June 3, 2021. This is the 137th consecutive quarter the company has paid a cash dividend.

The board of directors also authorized a new $20 billion share repurchase program, replacing its previous authorization.

The Home Depot is the world's largest home improvement specialty retailer. The Company operates a total of 2,298 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2020, The Home Depot had sales of $132.1 billion and earnings of $12.9 billion. The company employs approximately 500,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

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SOURCE The Home Depot

FAQ

What is the latest dividend announcement by Home Depot?

Home Depot announced a cash dividend of $1.65 per share for the first quarter.

When will the Home Depot dividend be paid?

The dividend will be paid on June 17, 2021, to shareholders recorded by June 3, 2021.

How much is the new share repurchase program authorized by Home Depot?

Home Depot has authorized a new $20 billion share repurchase program.

What were Home Depot's sales and earnings in fiscal 2020?

In fiscal 2020, Home Depot reported $132.1 billion in sales and $12.9 billion in earnings.

How many retail stores does Home Depot operate?

Home Depot operates a total of 2,298 retail stores across the U.S., Canada, and Mexico.