Costco Wholesale (COST) just gave its shareholders a notable reason to smile. The warehouse retail giant's board of directors approved a quarterly dividend increase, from $1.30 to $1.47 per share, a jump of more than 13%. That works out to $5.88 per share on an annualized basis. The dividend is payable May 15, 2026, to shareholders of record as of May 1, 2026.
Does the double-digit dividend hike mean you should buy COST stock right now, or is it already priced for perfection?
