Own Costco Stock by Oct. 30 to Qualify for Its Nov. 13 Dividend. Here's How Many Shares You'd Need for $1,000 in Yearly Dividends.
Any shareholder of Costco Wholesale (NASDAQ: COST) will soon have a dividend payout to look forward to. On Nov. 13, it will pay $1.47 per share to shareholders of record at the close of business on Oct. 30. Not known as a pure income stock, Costco's dividend only yields 0.5%, so it will take a lot of shares to build a steady revenue stream. We'll take a look at how many are needed to receive $250 every quarter, or $1,000 a year, in Costco dividends, as well as why the stock may be worth considering as an investment beyond its quarterly dividend payouts. Image source: The Motley Fool. Continue reading