Retirement Stock Portfolio: 5 Safe Dividend Stocks to Consider

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

Number of Hedge Fund Holders: 89

Dividend Yield as of November 28: 2.33%     

Home Depot, Inc. (NYSE:HD) operates as a home improvement retailer. It is one of the major dividend stocks for a retirement stock portfolio. On October 24, after the announcement of Cause For Alarm, Home Depot joined hands with Kidde, provider of healthy, safe and sustainable building solutions, and other businesses to donate fire safety products to the New York City Fire Department Foundation and Habitat for Humanity.

On October 31, Citi analyst Steven Zaccone maintained a Buy rating on The Home Depot, Inc. (NYSE:HD) stock and lowered the price target to $340 from $348, noting that the macro fears are high for his hardline retail coverage heading into the third quarter earnings season.

Among the hedge funds being tracked by Insider Monkey, Camas, Washington-based firm Fisher Asset Management is a leading shareholder in The Home Depot, Inc. (NYSE:HD) with 8.1 million shares worth more than $2.3 billion.

In its Q1 2022 investor letter, Diamond Hill Capital, an asset management firm, highlighted a few stocks and The Home Depot, Inc. (NYSE:HD) was one of them. Here is what the fund said:

“The Home Depot, Inc. (NYSE:HD) shares underperformed as continued solid fundamental results were outweighed by concerns about the impact rising mortgage rates may have on the housing market and general inflationary pressures potentially leading to a consumer spending slowdown. We view the long-term prospects and multi-year fundamental outlook as unchanged.”

You can also take a peek at 10 Growth Stocks with Upside Potential and 14 Best Agriculture Stocks To Buy Now.