On April 15, Costco Wholesale (COST -2.13%) raised its quarterly dividend from $1.30 to $1.47 per share, an increase of roughly 13.1%. Yearly, the new rate comes out to $5.88 per share. How much does that get you if you buy $10,000 in Costco stock today?
Today’s Change
(-2.13%) $-20.37
Current Price
$936.62
Key Data Points
Market Cap
Day’s Range
$925.77 – $943.60
52wk Range
$844.06 – $1096.50
Volume
616.8K
Avg Vol
2.3M
Gross Margin
12.88%
Dividend Yield
0.58%
What $10,000 in Costco stock pays you in dividends
Shares are trading around $960, so a $10,000 investment buys you roughly 10.4 shares — you can buy fractions of shares these days through most brokers. That means your $10,000 investment yields just over $61. That works out to a dividend yield of 0.61%.
Image source: Getty Images.
It’s not all that much, but Costco does have a habit of offering special one-time dividends. Since 2012, the company has declared five, with the most recent coming out to $15 per share in 2024. Another could be on the way soon.
Costco’s yield doesn’t tell the whole story
Costco isn’t the best stock if you’re after regular income — but that doesn’t mean it isn’t a good investment. Costco’s business is humming. Its stock is definitely far from cheap, but even with an elevated valuation, I think it’s a buy for long-term holders.
Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.