Home Depot is a prodigious dividend growth stock. This is a positive for income investors. The negatives on HD are the puny yield of 2.15% and a debt to equity ratio that has ballooned to 19.53.

Dividend growth is very important. I have written about this so many times. Pay no attention to formal inflation statistics. Look back 20 years and you will see your basic expenses double in that time. I don’t work anymore and cannot get raises unless my income instruments raise their payouts. The first graph below shows the recent dividend increases by HD.

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