Home Depot Gives Investors a $15 Billion Christmas Gift

Home Depot Gives Investors a $15 Billion Christmas Gift

Home Depot (NYSE: HD) is the stock that keeps on giving. Ahead of its analyst meeting, and just in time for the holidays, the retailer announced a $15 billion share buyback.

For longtime owners of the stock, the announcement is nothing new. Under the last two CEOs, Home Depot has become perhaps the most prodigious buyback policy among all retailers in both length and in dollar figures. In the past decade, the company has repurchased more than $50 billion in shares, cutting the company's weighted average shares outstanding by one-third.

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Source: Fool.com