Retailer The Home Depot announced that its board of directors declared a third quarter cash dividend of US$0.22 per share. The dividend is payable on Dec. 13 to shareholders of record on the close of business on Nov. 29.
Separately, the company announced the appointments of F. Duane Ackerman, Ari Bousbib, and Karen Katen to the company's Board of Directors. The appointments are a part of the company's planned succession process to replace four existing board members, John L. Clendenin, Claudio X. Gonzales, Milledge A. Hart III, and Kenneth G. Langone, who are scheduled to retire from the board in May 2008. Also, the company is announcing that Helen Johnson-Leipold has resigned from the Board due to additional demands on her time.
Ackerman is the retired Chairman and CEO of the BellSouth Corp., Bousbib is the President of Otis Elevator Company, a unit of United Technologies Corp., and Katen currently serves as Chairman of the Pfizer Foundation.