Costco Just Raised Its Dividend. It’s One More Reason to Own the Stock.

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Costco Wholesale just raised its dividend–and it’s just one more reason to own its stock.

After Wednesday’s close, Costco (ticker: COST) announced that it had approved a quarterly payout of 90 cents a share, or $3.60 a year, up from 79 cents a quarter, or $3.16 a year. The dividend will be paid on May 13 to shareholders of record at the close of business on April 29.