Costco Sales Jump 10.6% to $29.24B, Declares $1.47 Dividend; Named Blue-Chip Pick
COST•Costco reported June net sales of $29.24 billion, a 10.6% increase year-over-year, and declared a quarterly cash dividend of $1.47 per share payable August 7. Costco appears among three blue-chip retailers alongside TJX and Walmart, cited for its resilient model, scale and consistent dividend policy in periods of market volatility.
1. June Sales Results
Costco reported net sales of $29.24 billion for the five weeks ended July 5, up 10.6% from $26.44 billion a year earlier. Net sales for the first 44 weeks reached $250.43 billion, a 10.1% increase, supported by a 10.6% U.S. comp gain, 3.7% in Canada and 4.7% in other international markets, while digitally-enabled sales rose 20.9%.
2. Quarterly Cash Dividend
The board of directors declared a quarterly cash dividend of $1.47 per share, payable August 7 to shareholders of record at the close of business on July 24, continuing the company’s track record of returning capital to investors.
3. Blue-Chip Retail Endorsement
Costco is featured alongside TJX and Walmart among three blue-chip retail stocks highlighted for their scale, resilient model and reliable dividends, reflecting investor interest in quality retail names during periods of market volatility.
