The company also announced that its board has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $1.02 to $1.16 per share, $4.64 on an annualized basis. The dividend is payable May 10 to shareholders of record at the close of business on April 26.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COST:
- Costco Wholesale Corporation Reports March Sales Results and Announces an Increase in Its Quarterly Cash Dividend
- Wells Fargo Analyst Forecasts Brisk Sales of Gold for Costco (NASDAQ:COST)
- Bigger Refunds, Busier Stores: How Tax Season Could Boost Retail Stocks
- Is Costco Stock (NASDAQ:COST) a Bubble at 47x Earnings?
- Investors Modestly Pleased with Costco’s (NASDAQ:COST) Surging Gold Trade
