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|COST||COSTCO WHOLESALE CORP.||477.32||-11.58||-2.37%|
The warehouse retailer lifted its quarterly dividend by 7.9 percent from 65 to 70 cents per share, approved by the board and payable to shareholders of record by the close of business May 1, 2020. Annually that is a payout of $2.80.
Costo shares have gained over 5 percent this year as the S&P 500 has lost nearly 14 percent.
Sales during the month of March jumped 11.7 percent to $15.49 billion up from $13.87 billion last year.
Sales were "significantly impacted by the COVID-19 pandemic," said David Sherwood of Costco's investor relations arm in a pre-recorded call released last week.
Other retailers, especially department stores, are not faring as well, many of which are closed due to the pandemic.