Forget Home Depot, Buy This Dividend Stock for Passive Income Instead
HDHome Depot(HD) The Motley Fool·2024-01-27 20:05

Home Depot (HD 1.23%) stock is a favorite for many income investors. That's all thanks to qualities like its market leadership position in the home improvement industry and the company's impressive financial strength. Owning this retailer stock today delivers a good chance at capital appreciation as its market recovers, plus immediate passive income in the form of a robust dividend payment. Yet you might consider a fellow member of the Dow Jones Industrial Average as an even better dividend stock to buy for ...