The Home Depot, Inc. (NYSE:HD) shares are down over 10.29% year to date and have a forward P/E ratio of 16.85 as of March 29 given the sluggish growth expected in the home improvement industry this year. As a result of the sluggishness, The Home Depot, Inc. (NYSE:HD) sees sales growth and comparable sales growth for fiscal 2023 to be approximately flat compared to fiscal 2022. Despite the headwinds, The Home Depot, Inc. (NYSE:HD)'s board of directors in February 2023 authorized a 10% increase in the quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share.
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