Costco Raising Quarterly Cash Dividend

April 23rd, 2010 · 1 Comment

Good news for those of you that own Costco stock, the Board of Directors has decided to increase the quarterly dividend!   The board decided to raise the dividend from the current $0.18 per share to $0.205 per share, or $0.82 per share on an annualized basis.   The new dividend will be payable May 21 to shareholders of record at the close of business on May 7.  This news seems to have perked up the share price a bit too.  Currently, the stock is trading not too far off of it’s 52-week high of $62.12 per share, with pre-market activity sending it up a bit to $60.49.  This price is pretty great if you consider the 52-week low was just $44.37.

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Tags: General · In the News Share

1 Response so far ↓

  1. 1 Clue // 2010.04.23 at 4:13 pm

    I’ll gladly take it! Nice windfall!

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