Comment / Home Depot's mixed colours

ID 78327329 © Seoterra | Dreamstime.com

How Q1 turned out for DYI specialist Home Depot, one of the most prominent US importers with almost $40bn of quarterly sales, is embedded in its dividend policy.

As expected, a $2.09 quarterly dividend disclosed yesterday, unchanged (in line with its annual track record in May), kept its annualised yield at 2.8%.

Satisfactory?

Well, given the landscape, it was.

The headline story pointed to a stock fall, at least initially on Tuesday 16 May, coming in the wake of decent earnings but also comparable ...