Costco's Cash Pile Keeps Building. Is a Special Dividend Finally Coming This Fall?
Another big payout from the warehouse club operator should be coming soon.
Overview
Costco (NASDAQ: COST) is known for its bulk-sized retail offerings, saving its members money in the process. The same can't be said about its quarterly dividend checks. Despite lifting its payouts for 22 consecutive years, Costco's stock has delivered heartier gains over that period, yet it yields a pedestrian 0.6% right now.
This is certainly better than no dividend, but it's not the kind of yield that will attract income investors. However, Costco does have a secret weapon in its arsenal. Every few years, the country's leading warehouse club operator declares a special one-time payout. It's been three years since the chain's last one-time dividend, making another distribution more than just possible later this year.
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Originally published at www.fool.com.