1
Derived from payout historyIncome reliability
Quarterly income profile is visible
HD has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyNYSEUnited States
HD
Home Depot
Consumer StaplesPlain dividendQuarterly
Market Snapshot
US$334.49
-US$9.81 (-2.85%)
NYSE
Yield
2.71%
Rate US$9.32
Next Payment
—
Ex-date 2026-06-04
52wk Position
32.97%
-21.62% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- US$233.00
- APR
- 0.697
- Coverage
- 0.697
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- US$233.00
- Cushion
- -US$101.49
- Cushion %
- -30.34%
Current US$334.49Break US$233.00
Smart Recommendation
HD is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate, trending up
1mo agoDRIP availability
Likely available
1mo agoTax character
US foreign dividend
1mo agoDistribution history
17 consecutive years
1mo agoStructure complexity
Simple
1mo agoIncome trend
Growing, decelerating
1mo agoAccount suitability
RRSP preferred over TFSA
1mo agoStructure Overview
Home Depot (HD) is a US home-improvement retailer with 17 consecutive years of dividend increases, though the payout ratio has trended up from a 10-year median near 50% to the low-to-mid 60% range and dividend growth has decelerated. Management has stated its capital-allocation priority explicitly: reinvest in the business first, pay the dividend second, and resume share buybacks only once debt comes down.
Canadian Planning Notes
- 1As a US company, Home Depot dividends are subject to US withholding tax; holding in an RRSP is preferred over a TFSA due to the Canada-US tax treaty exemption for RRSPs.
- 2TFSA, FHSA, and RDSP accounts do not benefit from the RRSP withholding exemption — expect roughly 15% withheld at source on US dividends held in those account types.
- 3DRIP is standard for large-cap US dividend payers; confirm your broker supports it for cross-border holdings.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
RRSP
Canada-U.S. treaty treatment can exempt U.S. dividends from withholding tax inside RRSP or RRIF accounts. TFSAs do not receive the same treaty treatment.
Non-registered: Foreign tax credit may be available for U.S. withholding tax.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Plan-only
RBC Direct Investing
Available
TD Direct Investing
Available
U.S.-listed holdings can have withholding tax differences by account type. RRSP treatment is often more favorable than TFSA treatment.
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.