4 Reasons to Love Costco's Dividend
Just as a handful of companies are cutting or even suspending their dividends, Costco (NASDAQ: COST) is flexing its financial strength and the resilience of its business model during this economic downturn by announcing an increase to its dividend. Costco said last week that it is increasing its quarterly payout from $0.65 to $0.70, representing an 8% hike.
The boost in the club-warehouse retailer's dividend during these uncertain times is a good reminder of the quality of its dividend. The company's consistent and growing payout makes Costco a great dividend stock for investors looking for income from their portfolios.
Here are four reasons for investors to love Costco's dividend.
Source Fool.com
