The Home Depot Declares Second Quarter Dividend of 22.5 Cents



    ATLANTA, Aug. 21 /CNW/ -- The Home Depot(R), the world's largest home
improvement retailer, today announced that its board of directors declared a
second quarter cash dividend of 22.5 cents per share. The dividend is payable
on September 18 to shareholders of record on the close of business on
September 4. This is the 86th consecutive quarter the Company has paid a cash
dividend.
    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20030502/HOMEDEPOTLOGO )
    
    The Home Depot is the world's largest home improvement specialty
retailer, with 2,259 retail stores in all 50 states, the District of Columbia,
Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and
China. In fiscal 2007, The Home Depot had sales of $77.3 billion and earnings
from continuing operations of $4.2 billion. The Company employs more than
300,000 associates. The Home Depot's stock is traded on the New York Stock
Exchange (NYSE:   HD) and is included in the Dow Jones industrial average and
Standard & Poor's 500 index. HDE




For further information:

For further information: Financial Community, Diane Dayhoff, Sr. Vice
President of Investor Relations, +1-770-384-2666, diane_dayhoff@homedepot.com,
or News Media, Paula Drake, Sr. Mgr., Corporate Communications,
+1-770-384-3439, paula_drake@homedepot.com, both of The Home Depot Web Site:
http://www.homedepot.com


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