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Costco Raises Quarterly Dividend 14%

Provided by Dow Jones

Apr 10, 2024 8:45pm

By Ben Glickman

Costco on Wednesday raised its quarterly cash dividend by about 14%.

The retail giant said its board had declared a dividend of $1.16 a share, compared with the previous payout of $1.02 a share.

The new dividend, equal to $4.64 a year, represents an annual yield of 0.6% based on the Wednesday closing price of $722.58 a share.

The dividend is payable May 10 to shareholders of record as of April 26.

Costco declared a special cash dividend of $15 a share in December, and last raised its regular quarterly payout in April 2023.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

April 10, 2024 16:45 ET (20:45 GMT)

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