Costco Announces Dividend Increase

Leading Membership Warehouse Chain Raises Quarterly Payout

Dividend Growth Continues

Costco Wholesale Corporation (NASDAQ: COST) has announced an increase in its quarterly dividend to $1.20 per share, a 10% increase from the previous dividend of $1.10 per share. The dividend is payable on May 12, 2023, to shareholders of record as of April 21, 2023. The ex-dividend date is April 20, 2023.

This marks the 17th consecutive year that Costco has increased its dividend. The company has a long history of returning cash to shareholders, and this latest increase is a testament to its strong financial performance.

"We are pleased to announce this dividend increase, which reflects the company's continued strong financial performance and commitment to returning cash to our shareholders," said Craig Jelinek, Costco's chief financial officer. "We believe that this dividend increase will be well received by our shareholders and will reinforce the company's commitment to long-term value creation."

Costco's dividend yield is currently 1.1%, based on the current share price of $107.00. The company's dividend payout ratio is approximately 30%, which is a sustainable level that allows Costco to maintain its financial flexibility.

Costco's dividend increase is a positive sign for investors. The company's strong financial performance and commitment to returning cash to shareholders make it a compelling investment option.