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Before the opening bell on Tuesday morning, home improvement retailer Home Depot (HD ) reported higher results for the fourth quarter, beating analysts’ views.
HD’s CEO and chairman Craig Menear commented: “We had a strong finish to the year, as strength across the store, the recoveringU.S. housing market and solid execution aided our business in 2014.”
The company raised its quarterly dividend to 59 cents, which will be paid on March 26 to shareholders of record on March 12.
Shares of HD were up $3.78, or 3.37%, during pre-market trading Tuesday. YTD, the stock is up 6.96%.