Home Depot Adopts $15B Stock Buyback Program; Declared Dividend

Home Depot Inc HD said its board of directors authorized a new $15 billion share repurchase program, replacing its previous authorization.
The company’s board has also declared a second-quarter cash dividend of $1.90 per share.
The dividend is payable on September 15, 2022, to shareholders of record on the close of business on September 1, 2022.
Home Depot held $1.3 billion in cash and equivalents as of July 31, 2022.
Price Action: HD shares are trading higher by 0.03% at $325.31 in premarket on the last check Friday.
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