Home Depot approves $3.5mn to repurchase outstanding shares

25 Aug '06

2 min read

This is the 78th consecutive quarter the company has paid a cash dividend. The dividend is payable on September 21, 2006, to shareholders of record on the close of business on September 7, 2006.

The Home Depot is the world's largest home improvement specialty retailer with 2,082 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, 10 Canadian provinces and Mexico.

Through its HD Supply businesses, The Home Depot is also one of the largest diversified wholesale distributors in the United States, with more than 900 locations in the United States and Canada offering products and services for building, improving and maintaining homes, businesses and municipal infrastructures. In fiscal 2005, The Home Depot had sales of $81.5 billion and earnings of $5.8 billion.

The Company employs approximately 355,000 associates and has been recognized by FORTUNE magazine as the No. 1 Most Admired Specialty Retailer and the No. 13 Most Admired Corporation in America for 2006.

The Home Depot

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