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Recent Articles
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Home Depot Impacted By Higher Interest Rate Environment, Raises Dividend
Mar 3, 2025
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Image: Home Depot’s shares have done well since the beginning of 2023.
Home Depot expects total sales growth of roughly 2.8% for fiscal 2025, which has one less week than fiscal 2024. For fiscal 2025, comparable sales growth is targeted at approximately 1% for the comparable 52-week period. Management expects to open 13 new stores, while diluted earnings per share is expected to decline approximately 3% from $14.91 in fiscal 2024. Adjusted diluted earnings per share is targeted to decline roughly 2% from $15.24 in fiscal 2024. Home Depot announced it approved a 2.2% increase in its quarterly dividend to $2.30 per share, which equates to an annual dividend of $9.20 per share and marks the 152nd consecutive quarter the company has paid a dividend. Shares yield 2.3% at the time of this writing and remain an idea in the Dividend Growth Newsletter portfolio.
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Dividend Increases/Decreases for the Week of February 28
Feb 28, 2025
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Let's take a look at firms raising/lowering their dividends this week.
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Nvidia Delivers in Fiscal Fourth Quarter
Feb 26, 2025
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Image Source: Nvidia.
Looking to its first quarter of fiscal 2026, Nvidia's revenue is expected to be $43 billion, plus or minus 2% (consensus was $42.05 billion), with GAAP and non-GAAP gross margins expected to be 70.6% and 71%, respectively, plus or minus 50 basis points. Nvidia ended its fiscal year with $43.2 billion in cash and cash equivalents, while long-term debt was $8.5 billion. Free cash flow was $15.6 billion in the quarter and $60.9 billion for the fiscal year. The high end of our fair value estimate range stands at $180 per share.
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Public Storage Impacted by California Wildfires
Feb 25, 2025
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Image Source: Public Storage.
Looking to 2025, Public Storage expects revenue growth in the range of -1.3%-0.8%, with net operating income growth in the range of -2.9%-0.2%. On a consolidated basis, non-same store net operating income is expected to be between $444-$464 million, while ancillary net operating income is expected to be between $198-$203 million. Funds for development openings is targeted at $370 million with maintenance of real estate facilities and energy efficiencies expected at $150 million and $50 million, respectively. Core FFO per share is expected to be between $16.35-$17.00 (below the consensus forecast of $17.18), implying growth of -1.9%-2% on a year-over-year basis. The wildfires in Southern California in early 2025 will negatively impact core FFO for 2025 by $0.23 on both the low-end and high-end of its guidance range.
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