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Updated 4:30 pm

ATLANTA, Aug. 21 -- 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.

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Borrowing Trouble

Our occasional series, Borrowing Trouble, looks at the impact of the subprime mortgage crisis in Rhode Island.

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Housing in R.I.

John Kostrzewa: Subprime 'bailout' won't end the mess

In Rhode Island, a new report from the Mortgage Bankers Association found the delinquency rate on home mortgages surged to the highest in New England.