Home Depot Stock Price, News & Analysis

The Home Depot highlights the environmental benefits of recycling live Christmas trees in a recent press release. Approximately 350 million Christmas trees grow on U.S. farms, absorbing carbon dioxide and supporting local economies when cut. The trees can be recycled into mulch or used to create habitats for fish in lakes. The week of January 5 is optimal for tree drop-off at recycling sites. For locations, customers can check with their local Home Depot or visit Earth 911. The press release underscores Home Depot's commitment to sustainability and encourages participation in recycling initiatives.

The Home Depot Foundation made a $100,000 contribution to Mary Hall Freedom Village (MHFV) in Atlanta, supporting local women veterans transitioning out of homelessness. The funding will help establish a new family services center offering career development, childcare, and wellness services. During the festive event, over 20 veterans received holiday gifts, including essentials and personal items. The Home Depot Foundation's Operation Surprise initiative, dedicated to veterans, has invested $400 million in such causes since 2011, enhancing more than 50,000 homes for veterans.

The Home Depot highlights the story of Mark Milia, a veteran and part-time garden center associate in Sebring, Florida, who dedicates his time to volunteering with the American Red Cross and other nonprofits. After retiring from the U.S. Army, he has been actively involved in responding to disasters, including hurricanes and forest fires. The Home Depot Foundation has partnered with the American Red Cross since 2009, aiding in disaster response and recovery efforts across communities.

The Home Depot Foundation has launched its annual Operation Surprise campaign, delivering significant support to veterans through community service. In 2022, the initiative saw over 400 Team Depot projects completed nationwide with 11,500+ associate volunteers contributing to these efforts. Since 2011, 1.4 million volunteer hours were logged, and the Foundation has invested over $400 million in veteran-related causes. Their goal is to commit $500 million to veteran initiatives by 2025, focusing on affordable housing solutions.

The Home Depot has recently opened four new stores in Mexico, increasing its total to 133 locations. The new stores are in Monterrey, Gómez Palacio, Guadalajara, and Apodaca. As part of its commitment to local communities, the company made donations to Back2Back México during the Gonzalitos store opening. Jose Rodriguez, president of Home Depot Mexico, expressed optimism about the company's future, stating plans to expand to 150 stores in the next five years. This expansion underscores Home Depot's strategic growth and community engagement.

The Home Depot has actively supported recovery efforts in Central U.S. tornado-affected areas over the past year. Through its volunteer force, Team Depot, the company distributed essential items and collaborated with the Home Depot Foundation and Habitat for Humanity to construct homes in Bowling Green and Pennyrile, Kentucky. In just ten weeks, they built ten homes, with over 200 volunteers contributing to the effort. This ongoing commitment demonstrates the company's dedication to community support and local rebuilding initiatives.

The Home Depot highlights its commitment to sustainable holiday traditions by providing fresh-cut Christmas trees sourced from family-owned farms in Oregon, Canada, and North Carolina. The company emphasizes customer experience, offering services like free tree trimming and wrapping. Fresh trees reach stores shortly after being cut, ensuring longevity through the holiday season. The Home Depot also promotes creativity in store displays, engaging families in a memorable shopping experience. Customers can opt for delivery of trees and greenery from its website.

The Home Depot has acquired 100 MW of solar energy from National Grid Renewables at its Denton County, Texas project, which will cover nearly 8% of the company's electricity needs. This marks a significant step toward Home Depot's pledge for 100% renewable electricity by 2030, expanding from a prior target of 335 MW by 2025. The project, Noble, will help avoid 450,000 metric tons of CO2 emissions annually. Currently, Home Depot operates rooftop solar on over 80 stores, aiming for three-quarters of its renewable capacity from solar by the end of 2023.

The Home Depot, the largest home improvement retailer, declared a $1.90 cash dividend per share for the third quarter. This dividend is set to be paid on December 15, 2022, to shareholders of record by the close of business on December 1, 2022. This marks the 143rd consecutive quarter of cash dividends paid. At the end of Q3 2022, The Home Depot operated 2,319 retail stores across the U.S., Canada, and Mexico, employing approximately 500,000 associates. The company's stock trades on the NYSE under the ticker HD.