In addition to being a solid stock on its own merits, Costco also pays a dividend. It has steadily raised that payout each quarter from $0.10 a share in 2004 (when it first paid a dividend) to $0.65 in August of 2019.
Does Costco Wholesale stock pay dividends?
Costco Wholesale (NASDAQ: COST) pays quarterly dividends to shareholders. When was Costco Wholesale’s most recent dividend payment? Costco Wholesale’s most recent quarterly dividend payment of $0.79 per share was made to shareholders on Friday, November 12, 2021. Is Costco Wholesale’s dividend growing?
I found the answer is the quarterly dividend is payable August 13, 2021, to shareholders of record at the close of business on July 30, 2021. … How much is the next Costco dividend? A cash dividend payment of $0.79 per share is scheduled to be paid on May 14, 2021.
While researching we ran into the query “How will Costco’s special dividend be funded?”.
Costco said late yesterday the special dividend aggregate payment will be about $4.4 billion and be funded through existing cash. Common-stock shareholders of record as of Dec. 2 will be eligible for the dividend, to be paid on Dec. 11.
Investors might be in for another treat in 2022 that more directly impacts their portfolios. Costco has made a habit of returning excess cash to shareholders through special dividends, including one in late 2020, and its growing resources make another such payout likely over the next year.
The current dividend yield for Costco Wholesale (NASDAQ: COST) is 0.61%. Learn more How much is Costco Wholesale’s annual dividend? The annual dividend for Costco Wholesale (NASDAQ: COST) is $3.16.
The most recent change in Costco Wholesale’s dividend was an increase of $0.09 on Wednesday, April 14, 2021. What is Costco Wholesale’s dividend payout ratio?
When is Costco’s next quarterly dividend payment?
Costco Wholesale’s next quarterly dividend payment of $0.79 per share will be made to shareholders on Friday, August 13, 2021.
Plan participants can reinvest all or part of their Costco cash dividends to purchase additional shares (Dividend Reinvestment Plan). For complete information and enrollment form, please contact the Plan Administrator at 1-800-249-8982. You can also view the Plan brochure and enroll online at.
Does Costco use cash givebacks to drive shareholder value?
“With little need to pursue large M&A, Costco has focused on cash givebacks as a complementary method to drive incremental shareholder value,” Wissink wrote. “The company pays a regular dividend ($2.80; 0.74% yield) that it consistently raises 10% to 15% a year (8% this year due to COVID).
Another thing we wanted the answer to was, how much cash will Costco have after its fiscal 2020 exit?
I can dig in! “Costco exited fiscal 2020 with a strong $5.7 billion ($13/share) net cash position. Even after the $10 special dividend ($4.4 billion total), we estimate Costco will have $1.3 billion net cash, leaving ample flexibility to lever if opportunities arise,” Wissink said in her report.
Should Costco increase its fees to boost earnings growth?
While Costco’s P/E multiple looks high at over 40 times earnings, it also grew operating earnings 35% last quarter. A fee increase would only supercharge that growth. And though Costco’s dividend yield stands at a paltry 0. 6%, the company has also paid out special dividends on top of that every few years.