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Business

Joey Solitro

Costco Hikes Its Dividend: What Income Investors Need To Know

Costco Dan Burrows United States

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Costco Wholesale (COST) reported its monthly sales data earlier this week and surprised its shareholders with a massive dividend increase, adding to its long streak of annual dividend hikes.

On Wednesday, Costco released its March sales results, revealing a 9.4% increase from the prior year to $23.48 billion. Included in the report was news of a 13.7% increase to its quarterly dividend.

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