Costco Wholesale Corporation (NASDAQ:COST – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Friday, October 30th will be given a dividend of $1.47 per share by the retailer on Friday, November 13th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 30th.
Costco Wholesale has decreased its dividend by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 22 years. Costco Wholesale has a payout ratio of 29.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Costco Wholesale to earn $24.92 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 23.6%.
Costco Wholesale Stock Performance
Shares of COST stock opened at $982.00 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.06 and a debt-to-equity ratio of 0.11. Costco Wholesale has a 52 week low of $844.06 and a 52 week high of $1,096.50. The stock has a market capitalization of $435.15 billion, a PE ratio of 47.30, a P/E/G ratio of 4.08 and a beta of 0.88. The firm has a 50 day moving average of $931.75 and a two-hundred day moving average of $963.13.
Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, topping the consensus estimate of $6.54 by $0.21. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. The business had revenue of $95.72 billion during the quarter, compared to the consensus estimate of $94.97 billion. During the same quarter in the previous year, the firm posted $5.87 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that Costco Wholesale will post 22.70 EPS for the current fiscal year.
Costco Wholesale Company Profile
Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.
Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.
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