Costco Wholesale Boosts Quarterly Dividend From $1.02 To $1.16 Per Share
Portfolio Pulse from Benzinga Newsdesk
Costco Wholesale has increased its quarterly dividend from $1.02 to $1.16 per share, payable on May 10, 2024, to shareholders of record as of April 26, 2024. This adjustment brings the annualized dividend to $4.64.
April 10, 2024 | 8:21 pm
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Costco Wholesale has announced an increase in its quarterly dividend to $1.16 per share, with the new dividend payable on May 10, 2024. This represents an increase from the previous $1.02 per share.
Dividend increases are typically viewed positively by the market as they signal confidence in the company's financial health and future prospects. Costco's decision to raise its dividend could attract income-focused investors and potentially boost the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100