Costco Wholesale Corporation (NASDAQ:COST) is doing so well when it comes to growth, that they have just announced they are providing a special dividend of $5.00 a share, payable Feb. 27 to shareholders of record as of Feb. 9. That’s on top of the usual dividend of 36 cents per quarter for COST stock. Costco is the pioneer in the super-grocery store trend that has recently spread throughout the nation. Growing quicker than their competitors, COST has increased their revenue 45% since fiscal 2010 through fiscal 2014 compared to a meager 17% revenue growth for Wal-Mart Stores Inc. (NASDAQ:WMT) across the same period.
Costco Values Shareholders - COST stock is using its own cash along with debt to pay its shareholders a special dividend. Rather than sitting on their money, Costco decided to pay it back to its loyal shareholders, part of a long tradition of dividends and buybacks. COST Stock Destined for Growth - Costco’s Q1 earnings for fiscal 2015 were $1.12, which is over 15% growth compared with earnings for Q1 2014. Clearly, Costco’s growth story is still going strong. According to the American Customer Satisfaction Index, Costco is the most loved in its industry. Not only are Costco customers happy, but employees also are satisfied.
Source: InvestorPlace
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The Best Growth Story in Retail
Posted by D4L | Tuesday, March 03, 2015 | ArticleLinks | 0 comments »________________________________________________________________
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