1 Top Dividend Stock to Buy Now

Wholesale retailer Costco (NASDAQ: COST) announced a 13% increase to its dividend last week. The double-digit dividend increase was a good reminder why the stock has become a great investment for investors looking for income in their portfolio. The retailer has now increased its dividend 17 years in a row, and there's likely more growth to come in the years ahead.

But there's much more to this dividend stock than its 0.9% dividend yield and years of consistent growth.

Here's why dividend investors may want to take a closer look at Costco stock.

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Source Fool.com