Reasons Why Home Depot Stock is a Reliable Long-term Investment
Reasons Why Home Depot Stock is a Reliable Long-term Investment
The world is always in a state of change, but this company does business in a space you can count on. It's been a lackluster three years for shareholders of The Home Depot (NYSE: HD). Whereas the S&P 500 is up 19%, Home Depot stock is only up 3%. Moreover, shares of Home Depot hit all-time highs in 2021 and are now down about 20% from their peak.
Life-changing 30-year returns
The lackluster three-year returns for Home Depot stock are in stark contrast to its life-changing 30-year returns. If you bought shares of Home Depot in April 1994, your investment is up more than 3,500%, turning a $10,000 investment into more than $360,000.
Forever category and competitive edge
- It's a forever category
- Home Depot is hard to beat
Explore why Home Depot's market position and competitive edge make it hard to compete against. Learn about the company's strategic initiatives and long-term vision for sustainable growth.
Shareholder returns and dividend investing
Understand how Home Depot prioritizes shareholder returns and dividend sustainability despite market challenges. Discover why now might be a good time to consider investing in Home Depot for long-term dividend growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.