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Here's How Many Shares of Home Depot Stock You Should Own to Get $500 in Yearly Dividends
Home Depot (NYSE: HD) stock has been a fantastic investment for long-term investors, and aside from price appreciation, it pays an attractive dividend. The dividend yields 2.6% at the current price. Let's see how much you'd have to buy to get $500 in annual dividends.Image source: Home Depot.Home Depot stock is down 10% this year as the company faces economic pressure. Although it's the largest home improvement company in the world and demonstrates resilience, it's operating in a difficult real estate market. Home prices are still rising, mortgage rates are high, and homes sold are declining. That trickles down to all sorts of companies associated with real estate, including Home Depot.Continue reading
Home Depot (NYSE: HD) stock has been a fantastic investment for long-term investors, and aside from price appreciation, it pays an attractive dividend. The dividend yields 2.6% at the current price. Let's see how much you'd have to buy to get $500 in annual dividends.
Image source: Home Depot.
Home Depot stock is down 10% this year as the company faces economic pressure. Although it's the largest home improvement company in the world and demonstrates resilience, it's operating in a difficult real estate market. Home prices are still rising, mortgage rates are high, and homes sold are declining. That trickles down to all sorts of companies associated with real estate, including Home Depot.
