TORONTO • While many retail industry players anxiously watch Target and Walmart racing to expand their store networks across Canada, Costco Wholesale continues to build its presence here as a quietly indomitable retail giant, with plans to build up to 25 more of its vast warehouse stores.
Costco Wholesale, the warehouse merchant, announced Wednesday that it will pay a special $3 billion dividend before year's end, saving shareholders from a big bite should taxes rise due to the fiscal cliff.
I’ve been trying to decide whether I should renew my membership to my local discount warehouse club. Now that I no longer have kids in diapers (hallelujah!) and don’t have any plans to buy a flat-screen TV this year, I had to figure out whether my annual membership fee pays for itself in savings or not.
By Dividend Monk:
Costco Wholesale (COST) is a large membership warehouse retailer that sells a variety of bulk goods in several countries.-Seven year average revenue growth: 9%-Seven year average EPS growth: 8.6%-Dividend Yield: 1.18%-Dividend Growth Rate: 13%