Costco Hikes Its Dividend Nearly 14% as Sales Rise

Key TakeawaysCostco Wholesale announced a rise in March sales and a boost to its quarterly dividend after the market closed on Wednesday.Costco reported net sales for March at $23.48 billion rose 9.4% from a year earlier, while year-to-date sales as of April 7 were up 6.4% from the same period the prior year.Costco also hiked its quarterly dividend to $1.16 from $1.02 per share.The sales report comes amid a leadership transition as Gary Millerchip takes over as CFO from Richard Galanti, who held the positio ...