Costco Maintains Dividend

Costco Maintains Dividend

Costco Wholesale might be an aggressive discounter, but it's not cutting its dividend. The retailer has declared its latest common stock distribution, which is to be $0.31 per share paid on Aug. 23 to shareholders of record as of Aug. 9. That amount matches the company's previous payout, which was dispensed at the end of May. Before that, Costco paid $0.275 per share.

The company has been a steady and solid dividend payer over the years. Since initiating a regular quarterly payout in 2004, its distribution has ranged from $0.10 per share to the present level.

The just-declared dividend annualizes to $1.24 per share. That yields 1.1% at Costco's most recent closing stock price of $118.05.

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