Costco Stock (COST) Hits 52-Week High as Company Raises Dividend 13%
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Costco Wholesale (COST) shares reached a 52-week high after the company raised its quarterly dividend by 13% to $1.47 per share, marking a year-to-date gain of 24%. This increase positions Costco closer to becoming a Dividend Aristocrat, having raised dividends for 22 consecutive years. Investors are also anticipating a potential special dividend, as Costco has a history of issuing them every few years.
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