Costco Wholesale Corp. (NASDAQ:COST) shares are trending on Wednesday night.

Costco Board Approves $1.47 Dividend

Shares of the Washington-based membership warehouse club edged 0.022% higher to $982.22 in after-hours trading on Wednesday, following the announcement of a quarterly cash dividend of $1.47 per share.

Costco’s Board of Directors declared the dividend payable Nov. 13 to shareholders of record at the close of business on Oct. 30.

Strong September Sales

The announcement follows the company’s September sales results, reported last week. Costco posted net sales of $30.02 billion for the five weeks ended Oct. 4, up 13% from $26.58 billion a year earlier.

The company’s digitally enabled sales, which are sales initiated through a digital device, climbed 19.0% year over year.

Trading Metrics, Technical Analysis

Costco Wholesale has a market capitalization of $435.15 billion, a 52-week high of $1,096.50 and a 52-week low of $844.06.

The Relative Strength Index (RSI) of COST stands at 72.12.

The stock has gained 3.75% over the past 12 months.

COST is currently trading at about 54.65% of its 52-week range.

Price Action: Shares closed on Wednesday at $982, up 2.87%, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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