Why Home Depot Stock Popped by Nearly 4% on Friday

Shareholders in Home Depot (NYSE: HD) are getting more coins in their pockets, and they reacted happily to this news on Friday. As a group, they pushed the DIY retailer's stock up by almost 4% during that trading session, a lift that was more than good enough to beat the S&P 500 index's rather frothy 1.5% increase.Just after market close on Thursday, Home Depot announced that its board of directors had declared a fresh quarterly dividend of $2.30 per share. This will be dispensed on Sept. 18 to investors of record as of Sept. 4. At the most recent closing share price, the dividend yields 2.2%. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool