Costco Wholesale Co. (COST) Declares Dividend Increase – $0.57 Per Share

Costco Wholesale Co. (NASDAQ:COST) announced a quarterly dividend on Tuesday, April 24th, RTT News reports. Stockholders of record on Friday, May 11th will be given a dividend of 0.57 per share by the retailer on Friday, May 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.19%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.50.

Costco Wholesale has raised its dividend by an average of 12.4% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Costco Wholesale has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Costco Wholesale to earn $7.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 26.1%.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:COST traded down $0.73 during trading on Wednesday, hitting $191.78. The company had a trading volume of 82,861 shares, compared to its average volume of 2,480,604. The firm has a market capitalization of $84,845.91, a price-to-earnings ratio of 33.08, a PEG ratio of 2.73 and a beta of 0.96. Costco Wholesale has a one year low of $150.00 and a one year high of $199.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.



Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.03). The company had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. Costco Wholesale had a net margin of 2.18% and a return on equity of 24.74%. Costco Wholesale’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 earnings per share. analysts expect that Costco Wholesale will post 6.77 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Wells Fargo raised Costco Wholesale from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $191.42 to $188.91 in a research note on Monday, April 16th. BidaskClub raised Costco Wholesale from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $205.00 price target (down from $209.00) on shares of Costco Wholesale in a research note on Thursday, March 8th. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target for the company. in a research note on Tuesday, February 20th. Finally, Argus raised their price target on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Eight investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $192.14.

In other Costco Wholesale news, VP Timothy L. Rose sold 12,000 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $184.46, for a total transaction of $2,213,520.00. Following the transaction, the vice president now directly owns 22,903 shares in the company, valued at approximately $4,224,687.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy L. Rose sold 17,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $185.33, for a total value of $3,150,610.00. Following the transaction, the vice president now owns 34,903 shares in the company, valued at $6,468,572.99. The disclosure for this sale can be found here. Insiders have sold a total of 62,067 shares of company stock worth $11,690,902 over the last 90 days. 0.58% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/04/25/costco-wholesale-co-cost-declares-dividend-increase-0-57-per-share.html.

Costco Wholesale Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

Dividend History for Costco Wholesale (NASDAQ:COST)

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.

Leave a Reply