Home Depot and Lowe's Have Both Raised Their Dividends for 17 Straight Years. Which Stock Is the Smarter Buy Heading Into Earnings?
The rapid growth days of each company are probably over, but each stock remains an excellent choice for income investors.
Overview
Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) have long dominated the home improvement space in the U.S. In past decades, they drove massive growth and dividend returns for their investors as they expanded nationwide.
Although Home Depot operates in Canada and Mexico, both have become slower-growth markets amid saturation in the U.S. market and limited international success. Thus, the rapid growth days for both companies are likely over, which may reinforce the perception that they have become income stocks better suited for wealth preservation.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.