Research cutoff: September 13, 2026. Dollar amounts are USD per common share unless stated otherwise. This guide separates declared payments, calculations and unannounced future decisions.
Home Depot’s verified quarterly dividend is $2.33. Three declared payments with 2026 payable dates total $6.99 per share, including September 17. A $9.32 annualized rate assumes four equal payments and is not an announced 2027 commitment.
HD’s 2026 declaration ledger
The company dividend history identifies the following cash distributions. It explicitly lists matching record and ex-dividend dates for these entries. September’s payment remains future at the research cutoff; the March and June payable dates have passed.
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| Declared | Record and ex-date | Payable | Per share |
|---|---|---|---|
| February 24 | March 12, 2026 | March 26, 2026 | $2.33 |
| May 21 | June 4, 2026 | June 18, 2026 | $2.33 |
| August 20 | September 3, 2026 | September 17, 2026 | $2.33 |
For 100 shares eligible for all three, the gross declared total is $699. The first two account for $466. A further $2.33 payment would bring a four-payment calendar total to $9.32 per share, but that final distribution is not marked confirmed in this ledger. Eligibility and the broker’s actual credit are separate checks.
Home Depot dividend scenarios for 2027
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| Assumed payments | Per share | 100 eligible shares |
|---|---|---|
| Four at $2.33 | $9.32 | $932 |
| Four at hypothetical $2.40 | $9.60 | $960 |
| Two at $2.33 and two at $2.40 | $9.46 | $946 |
| Four at hypothetical $2.00 | $8.00 | $800 |
These rates are chosen sensitivities without assigned probabilities. The two higher cases show that timing matters as much as the new rate. They assume four payments, which itself is subject to future decisions. An income budget should not spend the hypothetical increase before a declaration establishes it.
A home-improvement dividend checklist
Our review starts with demand for maintenance and repair versus larger discretionary renovation projects. Those activities can respond differently to housing turnover, financing costs and household confidence. A broad claim that the housing market is improving does not reveal which products are selling, whether transactions are growing or how much profit each transaction contributes.
Compare cash from operations with inventory needs, store and distribution investment, acquisition-related commitments and debt service. Inventory bought before the selling season can temporarily depress cash; later clearance can release cash while weakening margins. Looking at cash and earnings across matching periods helps separate sustainable coverage from timing effects.
For a retailer serving professional customers as well as homeowners, check whether growth comes from organic demand, acquisitions or price changes. Those sources can carry different integration costs and working-capital requirements. A dividend increase is one capital-allocation decision, not proof that every operating risk has disappeared. A share-price decline can exceed many years of cash distributions.
Historical HD splits are not a new bonus forecast
The official split history lists a 3-for-2 action payable December 30, 1999, following a 2-for-1 action payable July 2, 1998. Different historical ratios should not be collapsed into a single annual bonus assumption. No new 2026 or 2027 split ratio or distribution date is verified here.
In a hypothetical 3-for-2 split, 100 shares become 150 and the theoretical unit price becomes two-thirds of its prior level. The proportional business interest is unchanged. Historical dividends and earnings per share should be compared on a consistently adjusted basis. A cash dividend and a share-count adjustment answer different investor questions.
Use yield as an input, not a verdict
At a hypothetical $400 share price, the $9.32 unchanged-rate scenario implies 2.33% indicated yield. This is a calculation example, not a current quote or fair-value estimate. Compare the income with the capital at risk and the resilience of the business under a weaker renovation cycle. A higher displayed yield can result from falling price rather than rising income.
Frequently asked questions
Is September’s dividend included in $6.99?
Yes, as a declared payment with a September 17 payable date, not cash already paid at the cutoff.
Is there a confirmed HD stock split for 2027?
No new action is verified in the sources used for this guide.
Continue your research
Read our shareholder and split research for the wider business context, or compare our September dividend research. A dividend is one part of total return, not protection against a fall in the share price.
LiveTodayStock editorial research. Educational information, not personalized investment advice. Cash examples are gross, exclude taxes and fees, and assume the specified shares qualified for each distribution. Future dividends require board approval.