Costco Wholesale raised its quarterly dividend from $1.30 to $1.47 per share on April 15, an increase of roughly 13.1%, bringing the annual rate to $5.88 per share. With shares trading around $960, a $10,000 investment would buy roughly 10.4 shares and yield just over $61 annually, a dividend yield of 0.61%. The company has also declared five special one-time dividends since 2012, including a $15 per share payout in 2024, and another could be on the way soon. While the regular yield is modest, the article notes Costco's business is strong and the stock remains a buy for long-term holders despite an elevated valuation.
Costco Wholesale CorpCostco raises its quarterly dividend by 13.1% to $1.47 per share, a direct financial event benefiting shareholders.
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