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Costco Gives Investors a 13% Dividend Raise

Costco Gives Investors a 13% Dividend Raise

Just five months after Costco Wholesale (NASDAQ: COST) gave shareholders a generous special dividend of $10 per share, the company announced today it is now raising its base dividend by 12.9%. The new $0.79 quarterly dividend is an increase from the previous $0.70, and represents an annual yield just shy of 1% at today's share price of about $368. Costco, the third largest global retailer, has long been known as a good employer to its 275,000 workers.