Should You Buy Costco After Its 14% Dividend Hike?
Costco Wholesale (NASDAQ: COST) has been rewarding its shareholders in some big ways lately. On the heels of issuing a huge $15 per share special cash dividend late in 2023, the retailer announced this month that it will boost its regular quarterly dividend payout.
The new $1.16 per-share quarterly dividend will hit shareholders' accounts in May, and it's a modest raise when compared to the company's sporadic (the last one was in 2020) special dividends. Let's take a closer look at whether this latest dividend news makes the stock a more compelling buy today.
Costco hiked its quarterly dividend payment by $0.14 per share up to $1.16, which translates into a 13.7% boost. That pace was a bit faster than peer , which raised its dividend in February by 9%.
Source Fool.com
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