Tomorrow, August 13, 2024, at 900 AM ET, The Home Depot, Inc. NYSE HD will announce its Q2 2024 earnings, marking a key event for market participants.

Market Cap

316.50 Billion in market capitalization positions Home Depot as the 27th most valuable global entity in terms of equity valuation as of August 2024.

Dividend Information

The stock offers a quarterly dividend yield of 2.58, with an annual payout of 9.00 and a 60.32 payout ratio, reflecting a solid commitment to returning capital to shareholders. With 14 consecutive years of dividend growth at a rate of 8.77, the exdividend date was set for May 30, 2024. Additionally, a buyback yield of 2.07 complements the shareholder yield of 4.65, indicating robust shareholder value through both dividends and buybacks.

Recent Development At Home Depot

Here are the latest developments at The Home Depot

Strategic Investment The Home Depot Foundation commits 9 million towards housing initiatives, benefiting over 3,400 homeless veterans.

Expansion Move The Home Depot strengthens its market position by acquiring SRS Distribution Inc.

Proactive Preparedness The Home Depot Foundation enhances disaster resilience in remote U.S. regions ahead of hurricane season.

Military Support The Home Depot unveils a Military Moving Hub, streamlining relocations for service members.

Q1 Earnings Report Recap

Sales Decline Home Depots net sales dipped by 2.3 to 36.4 billion, reflecting a softer market environment.

Profit Margin…