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.

This news of another dividend increase from the retailer is a reminder of how shareholder-friendly Costco is.

Here are the key takeaways investors should know about Costco's latest dividend hike.

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Source Fool.com