Best Retirement Portfolio for a 65-Year-Old

5. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 88

Number of Consecutive Years of Dividend Growth: 16

Average 5-Year Share Price Returns: 84.28%

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer offering building materials, décor, tools, and installation services. Serving both DIYers and professionals, HD operates online and in stores across the United States and internationally. On March 19, the company became the exclusive big-box retailer for KILZ primer products in the United States and Puerto Rico, strengthening its partnership with Behr Paint. This move ensures Pros have better access to trusted primers in stores, online, and through delivery.

The Home Depot, Inc. (NYSE:HD) closed out Q4 2024 with $39.7 billion in sales, up 14.1% from the previous year, due in part to an extra 14th week that added $2.5 billion. US comparable sales grew by 1.3%, and net earnings reached $3 billion, or $3.02 per share. Home Depot’s full-year revenue in 2024 was boosted by the $18.25 billion acquisition of SRS Distribution in June, contributing $6.4 billion in sales. In just seven months, SRS expanded with over 20 new locations and four tuck-in acquisitions. The company is also looking into cross-selling opportunities to drive further growth.

On February 25, The Home Depot, Inc. (NYSE:HD) declared a $2.30 per share quarterly dividend, a 2.2% increase from the last dividend of $2.25, bringing the annual payout to $9.20. The dividend will be paid on March 27 to shareholders on record as of March 13. This marks the 152nd consecutive quarter of dividend payments, and the company has grown its payout for the last 16 years.

According to Insider Monkey’s fourth quarter database, 88 hedge funds were bullish on The Home Depot, Inc. (NYSE:HD), compared to 82 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the biggest stakeholder of the company, with 9.5 million shares worth $3.7 billion.