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The price to earnings (P/E) ratio is the most commonly used valuation measure for publicly traded stocks — the lower the ratio, the cheaper a stock is. Home Depot has a TTM P/E ratio of 23.7 as ...
Image source: Home Depot. Home Depot's stock-split history. ... During that time, the individual price of a share has also surged from $12 at the IPO to $368.16 as of July 31, 2024.
Data source: Company earnings reports. For fiscal 2024, Home Depot expects its comps to dip by 2.5%, while Lowe's is guiding for a steeper decline of 3% to 3.5%.
These two dividend stocks are a great value, especially relative to the S&P 500.
Both Home Depot and Lowe's are well-known as dividend payers. In fact, Lowe's is a Dividend King, as it's raised its dividend every year for 61 years. It currently offers a dividend yield of 1.7%.
Beginning in 1987 at a split-adjusted level of around $0.0015 per share yearly, it has grown to an annual level of $9 per share, with Home Depot's board approving payout hikes in most years.
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