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| The Home Depot increases dividend for the second time in 2006 The Home Depot, the world's largest home improvement retailer, announced that its board of directors approved a third quarter cash dividend of 22.5 cents per share, an increase of 50 percent over the second quarter 2006 dividend of 15 cents and 125 percent higher than the third quarter 2005 dividend of 10 cents. The Company increased its quarterly dividend by 50 percent in January 2006 and has increased the quarterly dividend by more than 450 percent over the last six years. In addition, since 2002, the Company has repurchased more than 372 million shares, or 16 percent of outstanding shares. The Home Depot demonstrates strong financial discipline, as evidenced by a return on invested capital of 22.3 percent for the third quarter of fiscal year 2006. This is the 79th consecutive quarter the Company has paid a cash dividend. The dividend is payable on December 14, 2006, to shareholders of record on the close of business on November 30, 2006. write your comments about the article :: © 2006 Construction News :: home page |