Is Home Depot a Great Dividend Stock?
Dividend payments aren't everything in a good investment. Just ask Warren Buffett. His Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) conglomerate doesn't pay a dividend to shareholders, and he doesn't intend to.
But that doesn't mean Buffett doesn't love receiving them. Berkshire's 10 largest stock market holdings paid the company almost $3.8 billion in dividends in 2019.
For Buffett, what makes a great dividend stock is one that pays the dividends from funds left over after the company uses retained earnings to reinvest sufficiently back in the business. While Berkshire no longer owns any of this stock, Home Depot (NYSE: HD) is such a company, and the company's track record on dividends is impressive.
Source Fool.com
