Home Depot (HD): Home-related spending is expected to rise

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Housing-related stocks have been outperformers since the election; the iShares U.S. Home Construction ETF (ITB) is up 11% since November 9. The reason: Home-related spending is expected to rise with rising incomes as the economy improves.

Home Depot, of course, is one of the most well known housing related stocks. And with a yield of 2.0%, it’s also the highest yielding and thus possibly the safest stock of this infrastructure group.

Home Depot was originally recommended by Chloe Lutts Jensen of Cabot Dividend Investor back in 2015 and her readers are now sitting on profits of 15%—plus the and yield on their cost is 2.4%. Also, the average yield of the dividend stocks in Chloe’s Dividend Growth portfolio is 2.5%. For details, click here.