Is Costco Wholesale Corporation (COST) the Best Long-Term Dividend Stock to Buy According to Billionaires?
From Yahoo Finance: 2025-04-29 08:30:00
Costco Wholesale Corporation (COST) is one of the best long-term dividend stocks according to billionaires. The company operates 897 locations globally and has over 78.4 million household members, generating $1.2 billion in membership fee income. With a 12% increase in its quarterly dividend to $1.30 per share, COST has a dividend yield of 0.53%.
In the current market, dividend stocks are gaining popularity, with the Dividend Aristocrat Index down by a little over 2% since the start of 2025, compared to a nearly 6% decline in the broader market. 408 companies are expected to pay dividends in 2025, with an estimated 6% growth in total dividends compared to the previous year.
Analysts believe that Costco Wholesale Corporation (COST) is well-positioned to outperform its competitors in the event of a recession. Its focus on offering high-quality goods at low prices, combined with a successful membership model that fosters customer loyalty, makes it appealing to consumers. The company’s consistent revenue growth underscores its stability and potential for growth.