Home Depot to invest $1 billion in its front-line workers

The Home Depot released its year-end results this week, which included a commitment to invest $1 billion more in annualized compensation for front-line, hourly associates. The company will invest in wages, benefits, training, and career development for its associates. A spokesperson for The Home Depot Canada has confirmed this investment will apply to front-line Canadian workers as well.

The shareholders were also rewarded on the year’s results. Home Depot’s board of directors approved a 10 percent increase in its quarterly dividend to $2.09 per share, which equates to an annual dividend of $8.36 per share.