Home Depot Raises Quarterly Dividend to $2.33

On February 24, 2026, The Home Depot, Inc. (HD) announced a 1.3% increase in its quarterly dividend, bringing the payout to $2.33 per share. The change is narrowly focused and reflects a modest raise in the company’s cash return to shareholders. The move is consistent with Home Depot’s stated capital-allocation priorities in recent filings: reinvest in the business to pursue growth faster than the market, maintain a quarterly dividend after reinvestment, and return excess cash to shareholders through share repurchases. Recent capital expenditures — $3.7 billion in fiscal 2025 and $3.5 billion in fiscal 2024 — illustrate the company’s emphasis on store, supply chain and technology investments alongside shareholder returns. Investors should view the 1.3% increase in the context of Home Depot’s broader financial priorities and risks. Filings identify multiple risk factors that could affect future cash flow and the sustainability of dividend increases, including macroeconomic conditions (housing and home-improvement demand, interest rates), tariffs and trade policy, competition, supply-chain disruptions, cybersecurity, and legal or regulatory matters. Integration of acquired businesses (for example, SRS and HD Supply) and the status of the pending GMS acquisition are also highlighted as execution risks.

Home Depot has recently managed its balance sheet and corporate governance alongside its capital-return program. In September 2025 the company completed a $2 billion public note offering with staggered maturities, and filings note a significant public note offering completed in the same month. In November 2025, amendments to corporate bylaws affecting governance and shareholder rights were disclosed in filings. Those actions, together with the announced dividend increase, form part of a coordinated approach to capital allocation: fund reinvestment (capex and operational initiatives), maintain a dividend, and deploy remaining cash through share repurchases, subject to the company’s ongoing assessment of market, legal and operational conditions.