Costco (COST) once again bulked up its earnings as it reported fiscal 2024 Q2 results. The wholesale club posted adjusted earnings per share (EPS) of $3.92, soundly beating estimates of $3.62. Revenue came in at $58.44 billion, up 5.7% year over year, but slightly lower than expectations of $59.04 billion, per Bloomberg data. Same-store sales, […]
Tag: Costcos
The Surprising Reason Why Costco’s $15 Special Dividend Could Be a Big Mistake
GettyImages-175494583-1200×800-5b2df79 Costco Wholesale (NASDAQ: COST) made a splash when it announced a $15 per share special dividend on Dec. 14. Costco has gained a reputation for these surprise announcements, as it pays a rather small ordinary dividend and then occasionally distributes a much larger one-time payment. Costco has said that special dividends are a part […]
Here’s What I’m Doing With Costco’s $15 Special Dividend
Image courtesy of Costco Wholesale One of the biggest retailers just shared huge news. It is issuing a special $15 dividend for shareholders. This is certainly a welcome turn of events for Costco Wholesale (NASDAQ: COST) investors, representing about a 2% dividend yield at the current stock price. But what should investors do with this […]
This Is Costco’s New Hot Product
shocked surprised person adjusts glasses in office Benjamin Franklin wrote, “Nothing is certain except death and taxes.” But warehouse-style retail chain Costco Wholesale (NASDAQ: COST) is making a strong case for two more certainties. Costco’s combo meal for a hot dog and a soda costs $1.50, and its rotisserie chicken costs $4.99. These prices haven’t […]
3 Things to Know About Costco’s $15 Dividend Payment
Costco warehouse wholesale shopping Investors suspected that a special dividend was coming soon, but Costco Wholesale (NASDAQ: COST) has now confirmed the timing of that windfall. A $15-per-share cash payout will land in shareholders’ accounts on Jan. 12, assuming they own the stock as of Dec. 28. The retailer’s management team prefers these large, one-time […]