Good news for those of you that own Costco stock, the latest quarterly dividend was announced this week! In May, the board decided to raise the dividend from $0.355 per share to $0.40 per share, or $1.60 per share on an annualized basis. The current dividend will be payable August 28, 2015 to shareholders of record at the close of business on August 14, 2015. My guess (based on historical data) is that the dividend amount will remain at $0.40 until May 2016, when it will hopefully get bumped up again.
Shares of Costco (COST) closed yesterday at $144.25, down $0.74 or 0.51%. COST has a 52 week high of $156.85 and a 52 week low of $116.81.
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