Costco Hikes Its Dividend Nearly 14% as Sales Rise

Key Takeaways Costco Wholesale announced a rise in March sales and a boost to its quarterly dividend after the market closed on Wednesday. Costco reported net sales for March at $23.48 billion rose 9.4% from a year earlier, while year-to-date sales as of April 7 were up 6.4% from the same period the prior year. Costco also hiked its quarterly dividend to$ 1.16 from $1.02 per share. The sales report comes amid a leadership transition as Gary Millerchip takes over as CFO from Richard Galanti, who held the pos ...