Costco Wholesale declared a quarterly dividend on Thursday, January 18th. Investors of record on Friday, February 2nd will be paid a dividend of $1.02 per share on Friday, February 16th. This represents a $4.08 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, February 1st.
- In 2023, COST’s revenue was $242.29 billion, an increase of 6.76% compared to the previous year’s $226.95 billion.
- Costco maintains a proven formula for successfully translating its operations across borders and faces minimal direct competition abroad, implying a long runway of growth prospects.
- It also saw quick success and went public in 1980.
- Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
- Costco Wholesale Corporation’s stock faced a significant downturn, closing down over 7% at approximately $725 per share on Friday.
The consensus among Wall Street analysts is that investors should “moderate buy” COST shares. View COST analyst ratings or view top-rated stocks. Management can feel at ease about raising the dividend because of Costco’s immaculate balance sheet. With the membership-only bitbuy review retailer’s stock trading at near-record highs, it shouldn’t be surprising that its top and bottom lines have been hitting record levels. Specifically, for the trailing 12 months, Costco generated $245.7 billion in revenue and $6.5 billion in net income.
What is Costco Wholesale Corporation stock symbol?
Upgrade to MarketBeat All Access to add more stocks to your watchlist. 3,447 employees have rated Costco Wholesale Chief Executive Officer Craig Jelinek on Glassdoor.com. Craig Jelinek has an approval rating of 92% among the company’s employees. This puts Craig Jelinek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Costco and Sam’s Club’s smaller rival BJ’s Wholesale will open more clubs in Southeast
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock. velocity trade Today, Costco is based in Issaquah, Washington and it is among the largest businesses in the world. The company operates as a member-only big-box retailer claiming more than 118 million members, it is ranked #10 on the Forbes Fortune 500 list and is the 5th largest retailer internationally.
Costco Wholesale Corporation (COST)
For comparison, Costco generated $231 billion in revenue and $5.9 billion in net income in the preceding 12 months, representing year-over-year increases of 6.4% and 10.2%, respectively. Investors and customers know that another membership hike is likely coming, and it’s only a matter of when. But by not increasing its fees at a time when many other companies and retailers are eager to use inflation as a way to justify higher prices, Costco is again showing how it’s different than its peers. The last time Costco raised its membership fees was in 2017, when it increased the cost of its individual Goldstar membership by $5 to $60, and its executive membership by $10, to $120. On average, the company raises its fees every five to six years, which would suggest that it may only be a matter of time before Costco announces another rate increase to its membership. Costco Wholesale (COST 1.25%) is one of the largest, most popular retail stocks to own.
Costco Wholesale Corporation(COST-Q)
Costco Wholesale (COST 1.25%) is incredibly popular, particularly among price-conscious shoppers drawn to its bulk-buying model and competitive prices. Its stock has soared by 41% over the past 12 months, outpacing the benchmark S&P 500 by roughly 20 percentage points. That’s why I thinkmarkets review wouldn’t be surprised if it puts off making an increase in its membership fees until interest rates come down, when there may be less of an effect on customers. Richard Galanti explains how Costco prospers while keeping margins tighter and paying workers more than other retailers.
