Forget Costco: Here's a Better Dividend Stock for Passive Income

Costco (COST -0.16%) is an unusually successful retailing business. The warehouse giant has been winning market share for decades thanks to its no-frills, membership-based selling approach that allows it to offer products at rock-bottom prices. Costco routinely beats rivals such as Walmart (NYSE: WMT) in key growth and customer traffic metrics. Its earnings are among the most stable in the industry, too.Yet Costco isn't an ideal dividend stock for several reasons, including the fact that management prefers ...