Costco Hiked Its Dividend by 13%. Here Is What a $10,000 Investment Earns Annually.
The annual dividend amount is misleading because Costco is a special case when it comes to dividends.
Overview
If you plunk $10,000 into shares of Costco Wholesale (NASDAQ: COST), how much passive dividend income will that generate? A cursory look at Costco would suggest its recent dividend yield of 0.65% is puny, generating just about $65 in annual income from your $10,000. (With a recent stock price of $902, you'd be buying about 11 shares.)
Don't let that be a dealbreaker, though, because there's more than meets the eye here, and Costco is definitely a dividend income generator worth your consideration.
Image source: The Motley Fool.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.