Costco Wholesale announced a 13% increase to its quarterly dividend in April, lifting the payout to $1.47 per share from $1.30 a year earlier. The warehouse retailer, which operates 939 stores including 647 in the U.S., has more than doubled its quarterly payout since 2020, when it paid $0.70 per share. At a recent share price of $902, a $10,000 investment buys roughly 11 shares and generates about $65 in annual income at the 0.65% dividend yield, though Costco's occasional special dividends are not counted in that yield calculation. The company's most recent special dividend, paid in January 2024, was $15.00 per share, which would generate $165 on an 11-share position, following earlier special payouts of $10.00 in December 2020, $7.00 in May 2017, $5.00 in February 2015 and $7.00 in December 2012.
Costco Wholesale CorpCostco raised its quarterly dividend 13% to $1.47 per share, more than doubling the payout since 2020.
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