Should Passive Income Investors Buy Home Depot Stock Instead of Lowe's Stock?

By Parkev Tatevosian, CFA – Jun 3, 2024 at 10:30AM

NYSE: HD

Home Depot

Market Cap

$341B

Today's Change

(0.80%) $2.75

Current Price

$344.24

Price as of June 28, 2024, 4:00 p.m. ET

The home improvement industry is a large and growing opportunity, with Home Depot and Lowe's at the top.

Fool.com contributor Parkev Tatevosian compares Home Depot (HD 0.80%) and Lowe's (LOW 0.30%) to determine the better dividend stock to buy for passive income investors.

*Stock prices used were the afternoon prices of May 30, 2024. The video was published on June 1, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Home Depot. The Motley Fool recommends Lowe's Companies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.