Home Depot Lands Executive From Struggling JC Penny (HD, JCP)

It was reported on Tuesday that The Home Depot, Inc. (HD) has a new vice president of marketing and brand management, a former executive from the struggling retailer, JC Penny (JCP).

Lisa DeStefano-Orebaugh will be joining Home Depot’s team. It was not reported when she will start at the Atlanta-based company, but when she does she will report to Chief Marketing Officer Trish Mueller.

This is the third top JCP executive to leave the company in less than a year. In June, Michael Francis left as merchandise and marketing chief and Greg Clark left as senior vice president of creative marketing in October.

Home Depot shares were down 80 cents, or -1.14%, during Wednesday morning trading. The stock is up +38.39% over the past year.

The Bottom Line
Shares of Home Depot (HD) have a dividend yield of 2.23% based on last night’s closing price of $70.05 and the company’s annualized dividend payout of $1.56 per share.

The Home Depot, Inc. (HD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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