Costco Wholesale Corp. COST, -0.18% is increasing its quarterly dividend by 13%, the company announced Wednesday afternoon. Costco’s new dividend will be $1.02 a share, up from 90 cents. The dividend is payable May 19 to shareholders of record as of the close of business May 5. The company earlier this month posted its first same-store-sales decline in nearly three years. Costco shares are up 9% so far this year as the S&P 500 SPX, -0.01% has advanced 8%.
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