Why Home Depot Stock Dropped 5% Today

Why Home Depot Stock Dropped 5% Today
Howard Smith, The Motley Fool
·2 min read

Home Depot (NYSE: HD) reported another strong quarter Tuesday morning. It also announced a 10% increase in its quarterly dividend, but shares nonetheless headed lower, trading down by 5% as of 12:30 p.m. EST. In Home Depot's fiscal fourth quarter, which ended Feb. 2, overall sales increased 25.1% versus the prior-year period.