Costco Wholesale Corporation (NASDAQ:COST) is named one of the 10 Best Dividend Stocks to Buy in August. The membership-based retailer reported a 5.8% increase in total comparable sales for June, with US sales growing by 4.7%. Monthly net sales reached $26.44 billion, marking an 8% increase from the previous year.

Excluding fuel prices and foreign exchange effects, total comparable sales rose 6.2%. Costco plans to add 24 new warehouse locations this fiscal year and aims to open 25 to 30 new stores annually. The company continues to see growth potential in both US and global markets.

Costco (COST) declared a quarterly dividend of $1.30 per share on July 16, marking its 21st consecutive year of dividend growth. The company’s dividend yield is currently at 0.56%. While Costco is a solid dividend payer, there are AI stocks with greater upside potential and less downside risk.

Read more at Yahoo Finance: Why Costco (COST) is a Top Dividend Stock to Buy in August