By Ben Glickman
Costco on Wednesday raised its quarterly cash dividend by about 14%.
The retail giant said its board had declared a dividend of $1.16 a share, compared with the previous payout of $1.02 a share.
The new dividend, equal to $4.64 a year, represents an annual yield of 0.6% based on the Wednesday closing price of $722.58 a share.
The dividend is payable May 10 to shareholders of record as of April 26.
Costco declared a special cash dividend of $15 a share in December, and last raised its regular quarterly payout in April 2023.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
04-10-24 1645ET