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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Home Depot (NYSE: HD) is tomorrow, June 4, 2013. Owners of shares as of market close today will be eligible for a dividend of 39 cents per share. At a price of $78.69 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Home Depot has been 6.9 million shares per day over the past 30 days. Home Depot has a market cap of $116.05 billion and is part of the services sector and retail industry. Shares are up 27.2% year to date as of the close of trading on Friday.

The Home Depot, Inc. operates as a home improvement retailer. The company has a P/E ratio of 25.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Home Depot as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, notable return on equity, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Home Depot Ratings Report.

See our dividend calendar or top-yielding stocks list.

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