Looking for Sizable Dividend Growth? Look No Further Than Costco Stock
Buying companies with a strong track record of payout growth tends to work out well for dividend growth investors. This is because consistently hiking a dividend year after year requires a company to sustain a growing business (i.e., sales and earnings growth).
With 18 consecutive years of dividend growth to its credit, Costco Wholesale (NASDAQ: COST) is a great stock for investors seeking a balance of income growth and capital appreciation. Let's assess the company's fundamentals to better understand why Costco could belong in your portfolio if you are a dividend growth investor.
With more than 850 warehouses as of May across North America, Europe, Oceania, and Asia, Costco is a well-known retailer. The company's extensive global presence is what supports its massive $216 billion market capitalization.
Source Fool.com
