How To Earn $500 A Month From Costco Stock Following Upbeat Earnings Report
Portfolio Pulse from Avi Kapoor
Costco Wholesale Corporation (NASDAQ:COST) reported Q1 earnings surpassing expectations and announced a special dividend of $15 per share. Net sales rose 6.1% YOY, with revenue at $57.8 billion, beating estimates. Adjusted earnings were $3.48 per share, above the forecasted $3.42. Analysts from UBS, Citigroup, Stifel, Truist Securities, DA Davidson, and BMO Capital raised price targets for COST. The article also explains how owning Costco shares can generate monthly dividend income, using $500 and $100 as examples, and discusses how dividend yield fluctuates with stock price and dividend changes. COST shares dropped 0.5% to close at $677.74 on Tuesday.
December 20, 2023 | 12:46 pm
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Costco's Q1 earnings exceeded expectations and a special dividend was announced, leading to raised price targets by several analysts. The stock experienced a slight decline of 0.5% to close at $677.74.
The positive earnings report and special dividend are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. The slight decline in stock price could be a temporary reaction, and the overall positive sentiment from raised analyst price targets suggests a bullish outlook for COST in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100