Just five months after Costco Wholesale (NASDAQ: COST) gave shareholders a generous special dividend of $10 per share , the company announced today it is now raising its base dividend by 12.9%. The new $0.79 quarterly dividend is an increase from the previous $0.70, and represents an annual yield just shy of 1% at today's share price of about $368.
The move comes as the retailer has operated throughout the pandemic as an essential business. Last month, the company said net sales for it second quarter, which ended Feb. 14, rose almost 15% compared to the prior-year period. E-commerce sales in the quarter soared 76%.
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Costco Gives Investors a 13% Dividend Raise