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The Home Depot Announces Fourth Quarter Dividend
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The Home Depot Announces Fourth Quarter Dividend

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  • 1. The Home Depot Announces Fourth Quarter Dividend ATLANTA, Feb 22, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Home Depot(R), the world's largest home improvement retailer, today announced that its board of directors approved a fourth quarter cash dividend of 22.5 cents per share. This is the 80th consecutive quarter the Company has paid a cash dividend. The dividend is payable on March 22, 2007 to shareholders of record on the close of business on March 8, 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO) During fiscal 2006, The Home Depot returned $1.4 billion in cash to shareholders through dividends paid. The Company twice increased the dividend by 50 percent during 2006, resulting in a dividend payout ratio of approximately 24 percent. The Company also returned cash to shareholders by spending $6.7 billion to repurchase 174 million shares. Through fiscal 2006, the Company has repurchased 19 percent of its outstanding shares. The Home Depot(R) is the world's largest home improvement specialty retailer, with more than 2,163 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces, Mexico and China. Through its HD Supply(SM) businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with nearly 1,000 locations in the United States and Canada offering products and services for building, improving and maintaining homes, businesses and municipal infrastructures. In fiscal 2006, The Home Depot had sales of $90.8 billion and earnings of $5.8 billion. The Company employs approximately 355,000 associates and has been recognized by FORTUNE magazine as the No. 1 Most Admired Specialty Retailer and the No. 13 Most Admired Corporation in America for 2006. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index. HDE SOURCE The Home Depot Financial Community, Diane Dayhoff, Sr. Vice President of Investor Relations, +1-770-384-2666, or diane_dayhoff@homedepot.com, or News Media, Jerry Shields, +1-770-384-2741, or jerry_shields@homedepot.com , both of The Home Depot http://www.homedepot.com/ Copyright (C) 2007 PR Newswire. All rights reserved News Provided by COMTEX

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