NEW YORK (

TheStreet

) -- The ex-dividend date for

Home Depot

(NYSE:

HD

) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $49.75 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Home Depot has been 10.2 million shares per day over the past 30 days. Home Depot has a market cap of $73.59 billion and is part of the

services

sector and

retail

industry. Shares are up 18.2% year to date as of the close of trading on Thursday.

The Home Depot, Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell building materials, and home improvement and lawn and garden products to do-it-yourself, do-it-for-me (at D-I-F-M), and professional customers. The company has a P/E ratio of 18.6, above the average retail industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Home Depot as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Home Depot Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

null