The home improvement retailer follows others doing the same, including Disney, Starbucks and Walmart.
Home Depot Inc. said Thursday that the one-time bonus will be distributed in the current quarter. Existing bonuses will be paid out as well.
The Atlanta company anticipates an approximately $150 million fourth-quarter charge mostly tied to taxes on unremitted offshore earnings. It expects the charge, plus the one-time bonus, to trim its fiscal 2017 earnings outlook by about 19 cents per share.
SEE ALSO: Walmart to raise starting pay, expand parent benefits and issue $1,000 bonuses