Costco raises quarterly dividend to $1.16 from $1.02; March sales +9.4% to $23.48B

COSTCO WHOLESALE CORP /NEW

Quarterly dividend increased to $1.16/share ($4.64 annualized), payable May 10 to holders of record Apr 26.
March net sales $23.48B, up 9.4% vs $21.46B last year; first 31 weeks sales $146.64B (+6.4%).
Total comparable sales +7.7% (5 wks); U.S. +7.3%, Canada +8.9%, e-commerce +28.3%.
Easter timing shift positively impacted total comparable sales by ~0.5% for the month.
Costco now operates 876 warehouses globally, including 604 in the U.S. and Puerto Rico.

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