The Home Depot, Canadian Depositary Receipt (CDR) (HDI1)

Profile

https://www.homedepot.com

The Home Depot Canadian Depositary Receipt is a Canadian-listed investment instrument that provides Canadian investors with exposure to The Home Depot Inc., one of the world's largest home improvement retailers. This CDR trades on Canadian exchanges in Canadian dollars, offering fractional ownership in the underlying U.S.-based company without requiring direct access to U.S. markets. The security features a built-in currency hedge that reduces the impact of exchange-rate fluctuations between the Canadian and U.S. dollars, allowing investors to focus on the company's performance rather than currency movements. The Home Depot operates an extensive network of retail stores offering building materials, tools, and home improvement products and services to consumers and professionals. The CDR pays quarterly dividends in Canadian dollars, with a current dividend yield of approximately 2.36%. By structuring the investment at an accessible entry price around $15-20 CAD, this instrument enables Canadian investors to gain exposure to The Home Depot's market-leading position in the home improvement sector while managing currency risk through its embedded hedging mechanism.