Home Depot Stock To Go Ex-dividend Tomorrow (HD)

NEW YORK ( TheStreet) -- The ex-dividend date for Home Depot (NYSE: HD) is tomorrow, March 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 29 cents per share. At a price of $47.32 as of 9:30 a.m. ET, the dividend yield is 2.4%.

The average volume for Home Depot has been 10.7 million shares per day over the past 30 days. Home Depot has a market cap of $69.31 billion and is part of the services sector and retail industry. Shares are up 12.8% year to date as of the close of trading on Friday.

The Home Depot Inc., together with its subsidiaries, operates as a home improvement retailer. The company's stores sell a range of building materials, home improvement products, and lawn and garden products to do-it-yourself, do-it-for-me (D-I-F-M), and professional customers. The company has a P/E ratio of 19.2, below the average retail industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 17.7.

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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. 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.
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