Will Home Depot Raise Its Dividend in 2018?

Will Home Depot Raise Its Dividend in 2018?

Home Depot (NYSE: HD) has produced amazing gains in recent years because of the rebound in the housing market after the financial crisis, but that's only been the crowning achievement in a longer track record of 20%-plus average annual returns dating back to the 1980s. By appealing both to do-it-yourselfers and to the contractors who help less ambitious homeowners with the projects they need done, Home Depot has found ways to maximize its total growth. Home Depot has also become a nascent dividend growth leader, and even though its streak is far shorter than that of its main rival in home-improvement retail, it nevertheless makes the stock even more attractive. Let's take a closer look at Home Depot and what its prospects for a higher dividend look like in 2018.

Current Quarterly Dividend Per Share

$0.89

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Source: Fool.com