COST - How To Earn $500 A Month From Costco Stock Following Upbeat Earnings Report | Benzinga
Costco Wholesale Corporation (NASDAQ: COST), last week, reported better-than-expected earnings for its first quarter and announced a special cash dividend of $15 per share.
Costco said first-quarter net sales increased 6.1% year-over-year. The company reported quarterly revenue of $57.8 billion, which beat the consensus estimate of $57.72 billion. The retailer reported adjusted quarterly earnings of $3.48 per share, which beat analyst estimates of $3.42 per share, according to Benzinga Pro.
Several analysts, including, UBS, Citigroup, Stifel, Truist Securities, DA Davidson and BMO Capital, raised their price targets on the stock following the release of the earnings report.
With the recent buzz around Costco following upbeat earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Costco has a dividend yield of 0.60%, which is a quarterly dividend amount of $1.02 a ...