Costco Boosts Quarterly Dividend, Aims for Growth and Shareholder Value
Thursday, 11 April 2024, 15:45
Costco Increases Its Dividend: What You Need to Know
The retailer's dividend continues to grow at an impressive double-digit rate. Membership-based wholesale retailer Costco Wholesale (NASDAQ: COST) said on Wednesday it is increasing its quarterly dividend. This increased payout adds to a growing history of cash payments to shareholders. The company's regular dividend goes back 20 years. In addition, Costco occasionally pays out significant special dividends, which have been dished out to shareholders approximately every three years.
Key Takeaways:
- Another double-digit increase: Costco raises its quarterly dividend by 13.7% to $1.16.
- Building on special dividends: Understanding the impact of special dividends on Costco's yield.
- Expect even more growth: Reasons for investors to anticipate sustained dividend growth from Costco.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.