According to Dr Sharib:

"Al- Hamid is the One Who deserves all praise."

"To emulate the name implies the acquisition of praisworthy habits and a lofty
moral character. It implies that you praise and thank Allah always for His
manifold gifts and blessings. According to Sheikh Saadi you should thank Allah
twice in every breath. Once when the breath goes out and once when the
breath comes in."

Appropriate recitation is useful for imbibing praiseworthy qualities and habits.

see 'The 99 Most Beautiful Names of Allah' by Dr Zahurul Hassan Sharib





Some other references:

To Him belongs all that is
In the  heavens and on earth:
For verily Allah, He is
Free of all wants
Worthy of all praise.





Al-Ghazali says:-

"The one praised among men is the one whose beliefs, character, and actions
are all praised without any contender, and that is Muhammed (may God's
blessings and peace be upon him) , as well as whoever comes close to him
among the prophets, and the others among the saints and scholars.... yet
since no one is free from blame or deficiency - the only one praised absolutely
is God the most high."

(Al-Ghazali - The Ninety-nine Beautiful Names of God. Trans. Burrel/Daher: ITS: 1992.)


When we praise God it is we who are benefited by that praise since He is
worthy of it and therefore above being affected by it. The highest praise is
insufficient.

When we receive even slight praise from others we should immediately think
that praise belongs to Him, so that our lower self does not draw a wrong
conclusion and feel itself to be worthy of it. We should not be slow in
recognising the merits of others and should praise Him for benefiting them thus.

The saints, hearing themselves praised, bear it as a hardship for the sake of
courtesy to the one praising. They do not think the praise belongs to them. If
they take pleasure in praise it is because of the benefits it brings to the praiser.

Their business is with God alone.

JMZ
Bismillah ir Rehman ir Rahim
The Praiseworthy
The Ultimately Praiseworthy One, The Laudable.
Lahuu maa fissamaa-waati
wa maa fil-'arz: wa
'innallaaha
la-Huwal-Ghaniyyul
-Hamiid.

(Qur'an 22:64. trans. Y. Ali. )
Al-Hamid
(Al-Hameed, Al-Hamiid)

Qur'an 22:64
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