Costco Just Raised Its Dividend. It's One More Reason to Own the Stock. (2024)

FAQs

What is the special dividend for Costco stock in 2023? ›

ISSAQUAH, Wash., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of $1.02 per share.

Costco stock is up 22% in 2023, and it trades at a price-to-earnings ratio of 41. That's above its one-, three-, and five-year averages. However, I would still recommend buying Costco stock, even at this price.

In our view, the company's diversification strategy is a natural hedge against risks that may arise in specific markets. After opening 13, 20 and 23 net new warehouses in fiscal 2020, 2021 and 2022, respectively, Costco plans to open 23 net new units in fiscal 2023.

The last special dividend of $10.00 was paid in December 2020. We can see the special payments in orange, while the purple line shows Costco's cash. Costco is at record high cash right now. Every 2-3 years it pays a special dividend.

Costco Wholesale Corp quote is equal to 554.880 USD at 2023-09-22. Based on our forecasts, a long-term increase is expected, the "COST" stock price prognosis for 2028-09-15 is 923.432 USD. With a 5-year investment, the revenue is expected to be around +66.42%. Your current $100 investment may be up to $166.42 in 2028.

COST Stock Forecast FAQ

Costco has 4.70% upside potential, based on the analysts' average price target. Is COST a Buy, Sell or Hold? Costco has a conensus rating of Strong Buy which is based on 15 buy ratings, 3 hold ratings and 0 sell ratings.

Costco stock has beaten the market over almost any time frame, and as the time frame increases, so does the margin. Investors could wait for a pullback in the price before buying, but you can't time the market. If you believe in Costco's long-term growth story, Costco stock is a buy even now.

Does Costco have a future? ›

Costco Wholesale's Earnings Per Share Are Growing

Shareholders will be happy to know that Costco Wholesale's EPS has grown 17% each year, compound, over three years. If growth like this continues on into the future, then shareholders will have plenty to smile about.

Future price of the stock is predicted at 936.92173858037$ (64.813% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 164.813$ on 2024 September 20, Friday.

#1: Exxon Mobil

No doubt the reliable dividend that Exxon has paid out to shareholders since 1882 has contributed mightily to the energy giant's remarkable performance. Over the last 35 years alone, amid cycles of oil booms and oil busts, the company has increased its dividend payment at an average annual rate of 6.3%.

The Ideal Portfolio To Make $1,000 Per Month In Dividends

Each stock you invest in should take up at most 3.33% of your portfolio. “If each stock generates around $400 in dividend income per year, 30 of each will generate $12,000 a year or $1,000 per month.”

Proven Group Limited (PROVEN) has advised that a dividend payment of US$0.002 per share was declared at a Board meeting held on July 31, 2023. Ordinary shareholders who have requested payment in Jamaican Dollars will receive the equivalent of JA$0.3092 per share.

Costco Wholesale Corporation's ( COST ) dividend yield is 0.74%, which means that for every $100 invested in the company's stock, investors would receive $0.74 in dividends per year. Costco Wholesale Corporation's payout ratio is 26.6% which means that 26.6% of the company's earnings are paid out as dividends.

Last dividend for STORE Capital Corporation (STOR) as of Sept. 8, 2023 is 0.41 USD. The forward dividend yield for STOR as of Sept. 8, 2023 is 2.55%.