Is Costco a Great Dividend Stock?
Costco Wholesale's (NASDAQ: COST) ability to source merchandise on the cheap and sell it at rock-bottom prices has translated to market-beating stock returns. A $10,000 investment in Costco stock 20 years ago would be worth nearly $100,000 today. That's almost three times more than what an index fund would have delivered.
Costco initiated its first dividend in 2004. Here's why it should remain a solid income investment for years to come.
Costco has increased its dividend payout every year since it started paying one. The current quarterly payout is $0.70 per share, giving investors an annual yield of 0.99% at the current stock price of $338.
Source Fool.com
