Costco Wholesale Corp. (COST) Declares Quarterly Dividend of $0.31
Costco Wholesale Corp. (NASDAQ:COST) declared a quarterly dividend on Thursday, January 30th, American Banking & Market News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.31 per share on Friday, February 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.10%.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note to investors on Tuesday, January 21st. They now have a $122.00 price target on the stock. On the ratings front, analysts at Northcoast Research downgraded shares of Costco Wholesale Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $121.44.
Costco Wholesale Corp. (NASDAQ:COST) last announced its earnings results on Wednesday, December 11th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.07. The company had revenue of $24.47 billion for the quarter, compared to the consensus estimate of $25.41 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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