Track Costco Wholesale Corporation's Impressive Dividend Growth Record
Sustained Dividend Growth for Over Two Decades
Costco Wholesale Corporation (COST) has maintained a remarkable track record of dividend growth, with 21 consecutive years of increases. This unwavering commitment to shareholders demonstrates the company's financial strength and its dedication to returning value to investors.
Multi-Year Dividend Growth Rates
3-Year Dividend Growth Rate: 10.6%
Over the past three years, Costco's dividend has grown at an average annual rate of 10.6%, signaling a consistent increase in shareholder returns.
5-Year Dividend Growth Rate: 12.2%
Extending the timeframe to five years, the dividend growth rate rises to 12.2%, highlighting the company's long-term commitment to dividend expansion.
10-Year Dividend Growth Rate: 14.9%
Over the past decade, Costco's dividend has experienced substantial growth, with an impressive compound annual growth rate (CAGR) of 14.9%. This sustained high growth rate underscores the company's financial stability and its ability to generate consistent cash flow.
Conclusion
Costco Wholesale Corporation's long-standing commitment to dividend growth is a testament to its financial strength and shareholder-centric approach. With a proven track record of consistent increases, Costco positions itself as a reliable dividend stock that can potentially enhance investors' portfolios over the long term.
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