The home-improvement chain generated $9.3 billion in free cash flow in the first half of the year. Dividends totaled $4.5 billion. The board of directors has raised payouts for a number of years.
The company has paid a quarterly dividend since 1987 and raised it for 15 consecutive years. The home improvement retailer has a payout ratio of 58.4%. For any mature dividend-paying stock, it's ...
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