#1 - Costco (NASDAQ:COST)
Costco Wholesale Corp. (NASDAQ: COST) stock is up more than 42% in 2024, outpacing the broader market. The company delivered its first-quarter earnings for the fiscal year 2025 and posted a beat on the top and bottom lines.
Those beats come in the quarter after the company announced the first increase to its membership fees in seven years. This is further confirmation of the company’s business model, which continues to show that consumers are resilient in the face of sticky food inflation.
As part of that report, Costco announced a special dividend payment to investors. And, with 21 consecutive years of dividend increases, investors ca expect to hear the company will increase its dividend in January 2025.
This is an example of looking past the 0.49% yield and noting that the annual payout per share is $4.64. Plus, Costco’s dividend payout ratio is around 27.25%, and its annualized three-year dividend growth has been 12.92%.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
Read More - Current Price
- $958.82
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1,011.74 (5.5% Upside)
