Costco is strengthening its position as a top dividend stock, thanks to its solid history of payout increases and a sustainable business model. With a current market cap of $439 billion, Costco's dividend has increased for 21 consecutive years, reflecting a robust growth rate. The warehouse giant is set to raise its quarterly dividend to $1.30 per share in May 2025. Its 10-year annual growth rate of 11% positions it ahead of many competitors. Additionally, Costco's membership revenue and special dividends indicate a secure stream of income for shareholders well into the future.
Costco's impressive dividend growth, with a 10-year compound annual growth rate of 11%, surpasses many competitors, enhancing its reputation as a reliable income stock.
By increasing its quarterly dividend from $1.16 to $1.30 per share, Costco demonstrates its commitment to rewarding shareholders, even amid a modest yield of 0.5%.
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