Is Home Depot a Great Dividend Stock?

Here's the answer to the headline's question: The Home Depot (NYSE: HD) is a great dividend stock. Of course, "great" is a relative term; there are various ways to measure greatness. However, after scrutinizing Home Depot's dividend from multiple angles, it's truly better than most. 

Don't worry about the jargon now -- we'll define as we go. But Home Depot stock gives investors a good dividend yield, has a low payout ratio, and has opportunity for growth. That's why it's great and why dividend investors should give it a look.

Image source: The Home Depot.

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Source Fool.com