Costco Wholesale Corporation (COST, Financial) has announced an increase in its quarterly cash dividend. The board of directors has approved an enhanced dividend payout, raising it from $1.16 to $1.30 per share, translating to an annualized dividend of $5.20 per share.
Shareholders of record as of the close of business on May 2 will receive the new quarterly dividend on May 16. This move reflects Costco’s ongoing commitment to returning value to its shareholders through consistent dividend growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Costco Wholesale Corp (COST, Financial) is $1,070.16 with a high estimate of $1,205.00 and a low estimate of $890.00. The average target implies an upside of 10.58% from the current price of $967.75. More detailed estimate data can be found on the Costco Wholesale Corp (COST) Forecast page.
Based on the consensus recommendation from 41 brokerage firms, Costco Wholesale Corp's (COST, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Costco Wholesale Corp (COST, Financial) in one year is $707.31, suggesting a downside of 26.91% from the current price of $967.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Costco Wholesale Corp (COST) Summary page.
