Shop Stores Contact. Investor Relations. FAQs Email to friend. When and where was The Home Depot incorporated? In the state of Delaware on June 29, When did The Home Depot open its first store?
June 22, What is The Home Depot's mission statement? We are a values-driven company and our eight core values include the following: Excellent customer service Taking care of our people Giving back Doing the "right" thing Creating shareholder value Respect for all people Entrepreneurial spirit Building strong relationships. Is The Home Depot a publicly-traded company? Do you have a direct stock purchase plan? Has there ever been a stock split? Rivian is all investors can talk about now, and rightly so.
Only time will tell if Rivian continues to surge, but we can look back at some other famous companies to help polish our crystal balls. Here's how an investor would have fared by buying shares of companies including Amazon, FedEx, and Tesla at the moment of their initial public offering and holding them until recently, a range of eight to years. At its peak, GM was one of the biggest corporations in the world. But the financial crisis brought the company to its knees, and a trip into bankruptcy the next year left it to start over again as a public company.
The stock is up over the past year partly due to increased shipping from online retailers, making it now worth nearly four times the IPO price. Related: 19 Investments Better Than Bitcoin. Related: 12 Best Credit Cards for Seniors.
In 30 years, the Virginia-based discount variety retailer has grown to more than 15, stores. In its early years as a public company, it struggled to turn a profit, working to make its vehicles more affordable to the average buyer. When they launched the company in , Home Depot's founders followed a strategy popular among mass merchandisers today and offered a wide assortment of goods, low prices, and good customer service.
Its first stores in the Atlanta area were significantly bigger than those of its competitors, which helped drive the company's initial momentum and positioned its brand as a one-stop-shop for home improvement. On Sept. Home Depot has split its stock 13 times over the course of its history , though those splits came mostly in its early days as a publicly traded company and its last split came in The chart below shows each split, along with how it drove increases in shareholder value.
As you can see from the chart, your share count would have increased by a factor of if you bought Home Depot stock at its IPO and held it through But there's more to the return-on-investment picture than its share splits and stock price appreciation.
The retailer has also been a generous dividend payer over much of its history. Home Depot began paying quarterly dividends in While it's not a member of the Dividend Aristocrats -- that select group of companies that have raised their dividends every year for at least 25 years -- it nearly qualifies. Management has raised the dividend annually since with the exceptions of , and , when it took a pause during the housing bust. More recently, the company has gotten back to aggressively raising its dividend.
Investors who bought this stock during the IPO and held on would be getting a split-adjusted return of more than times on their investment from Home Depot annually just from the dividends.
When the company first started paying a dividend, it was offering just fractions of a penny on a split-adjusted basis. Today, the stock is yielding 2.
Between the growth of the stock price and the dividend increases, Home Depot has delivered incredible returns since its IPO. Instead of doing my own calculations, I turned to the company's website, which offers a handy calculator on its stock.
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