Costco Wholesale Corporation (NASDAQ:COST) Declares $1.47 Quarterly Dividend

Costco Wholesale Corporation (NASDAQ:COST – Get Free Report) announced a quarterly dividend on Wednesday, July 8th. Shareholders of record on Friday, July 24th will be paid a dividend of 1.47 per share by the retailer on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, July 24th.

Costco Wholesale has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Costco Wholesale has a payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Costco Wholesale to earn $22.46 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 26.2%.

Get Costco Wholesale alerts:

Costco Wholesale Stock Up 0.6%

Shares of COST opened at $953.13 on Thursday. The stock has a market capitalization of $422.69 billion, a PE ratio of 47.94, a P/E/G ratio of 4.59 and a beta of 0.88. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,096.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 1.07. The company’s 50-day simple moving average is $986.93 and its 200-day simple moving average is $975.26.

Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same quarter last year, the firm posted $4.28 EPS. Analysts forecast that Costco Wholesale will post 20.38 earnings per share for the current fiscal year.

Costco Wholesale Company Profile

(Get Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

Featured Articles

• Five stocks we like better than Costco Wholesale
• A Market Panic Just Discounted the AI Highway’s Tollbooth
• Why Exxon Could Be the Market’s Next Big Comeback Stock
• The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
• Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.