Good evening - Home Depot pays a nice dividend that just got a little nicer. The company issued a 10% distribution increase with a stock yield of around 2.5% and share prices heading lower. This is attractive compared to the broad market average near 1.5% but comes at a slightly higher valuation. Lowe’s Companies (NYSE: LOW) trades at a more attractive 15X earnings, in line with the broad market, but its yield is less attractive near 2.0%. Shares of HD stock are down more than 5.0% following the earnings release and will likely move lower. The stock may find support at the mid-point of the trading range, near $300, but investors should wait for a clear signal to buy. Click here to watch our video analysis.
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