Costco Wholesale Corporation's Dividend Growth History

A Legacy of Steady Increases

Costco Wholesale Corporation (COST) has a long and impressive history of dividend growth. The company has increased its dividend for 21 consecutive years, a testament to its commitment to returning value to shareholders.

Compounded Growth Rate

Costco's dividend growth has been consistent and substantial. Over the past 3 years, 5 years, and 10 years, the company's dividend has grown at a CAGR of 3%, 5%, and 10%, respectively.

This consistent growth has resulted in a significant increase in Costco's dividend per share. In 2002, the company paid an annual dividend of $0.36 per share. By 2022, that amount had grown to $4.64 per share, representing an increase of over 1,200%.

Conclusion

Costco Wholesale Corporation's long and consistent history of dividend growth makes it an attractive investment for conservative investors seeking income and capital appreciation. The company's strong commitment to shareholder value is evident in its consistently increasing dividend, which has grown significantly over the past two decades. As Costco continues to expand its operations and increase its profitability, investors can expect the company's dividend to continue to grow in the future.