Costco Wholesale Corporation (NASDAQ:COST) Announces $1.47 Quarterly Dividend

Slowing Costco Sales Growth Unnerves Investors

Shares in the membership-based retailer Costco fell 4.1% on Thursday after a June sales update failed to meet Wall Street’s lofty expectations. That continued a weeks-long slump, but it also means the stock is looking more and more like one of the chain’s hot dog deals. Conflict-ed Earnings The S&P 500 Consumer Staples sector tumbled more than 10% at the start of the Iran war, amid fears that consumer spending would suffer because of higher oil …

Why Costco Stock Fell Today

The retail giant's sales are slowing.

Jim Cramer: 'Costco's in a funk' but still a good name in a bad neighborhood

Costco's moderating June comps growth reinforce that the stock's premium valuation leaves little room for disappointment.

Costco shares fall over 4% as investors look past strong June sales

Costco shares fell over 4% despite strong June sales as investors focused on valuation concerns and uneven regional growth. While US demand remained robust, weaker Canada performance and headwinds from currency and fuel price deflation weighed on sentiment, reflecting tighter scrutiny of premium consumer stocks.

Costco Wholesale Corporation (NASDAQ:COST) Announces $1.47 Quarterly Dividend

Costco Wholesale Corporation (NASDAQ:COST) declared a quarterly dividend on Wednesday, July 8th. Stockholders of record on Friday, July 24th will be given a dividend of 1.47 per share by the retailer on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, July 24th.

Costco Reports June Sales Data — Shares Slip Despite Strong Growth - Costco Wholesale (NASDAQ:COST)

Costco reports strong June data, with net sales reaching $29.24 billion, up 10.6% year-over-year.