Costco Wholesale Corporation (NASDAQ:COST) Stock to Pay Quarterly Dividend of $1.47

Costco Wholesale Corporation (NASDAQ:COST) announced a quarterly dividend on Wednesday, October 14th. Stockholders of record on Friday, October 30th will be given a dividend of $1.47 per share by the retailer on Friday, November 13th. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 30th.

Costco Wholesale has decreased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Costco Wholesale has a payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Costco Wholesale to earn $24.92 per share next year, which means the company should continue to be able to cover its $5.88 annual dividend with an expected future payout ratio of 23.6%.

Costco Wholesale Trading Up 2.9%

Shares of Costco Wholesale stock opened at $982.00 on Thursday. The company’s fifty day simple moving average is $931.75 and its 200-day simple moving average is $963.13. The company has a market cap of $435.15 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 4.08 and a beta of 0.88. The company has a current ratio of 1.06, a quick ratio of 0.62 and a debt-to-equity ratio of 0.11. Costco Wholesale has a 1 year low of $844.06 and a 1 year high of $1,096.50.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 24th. The retailer reported $6.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.54 by $0.21. The business had revenue of $95.72 billion for the quarter, compared to analyst estimates of $94.97 billion. Costco Wholesale had a net margin of 3.04% and a return on equity of 27.60%. Costco Wholesale’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.87 earnings per share. As a group, sell-side analysts expect that Costco Wholesale will post 22.70 EPS for the current year.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells a broad selection of merchandise, including groceries, fresh foods, beverages, appliances, electronics, furniture, apparel, jewelry, hardware, and seasonal products. It also offers services such as gasoline, pharmacies, optical departments, hearing-aid centers, food courts, travel services, and business delivery in selected markets.

Costco markets many products under its private-label Kirkland Signature brand and sells merchandise through warehouse locations and e-commerce platforms.