Own Costco Stock by Oct. 30 to Qualify for Its Nov. 13 Dividend. Here's How Many Shares You'd Need for $1,000 in Yearly Dividends.

Costco Wholesale (COST) will distribute $1.47 per share to shareholders of record by Oct. 30, coinciding with its Nov. 13 dividend payout date. To receive $1,000 in dividends annually, an investor would need to own approximately 170 shares, which would cost just under $173,000 at an opening price of $1,016 on Oct. 23. Despite its dividend yield of 0.5%, Costco offers three avenues for shareholder profits: stock price appreciation, special dividends, and regular dividends.

Over the past five years, Costco's stock has grown 108%, outpacing the S&P 500's 67% growth. The company operates 939 warehouses, with plans to expand to 967 by the end of fiscal 2027. Additionally, Costco has historically paid special dividends of $15 per share and $10 per share in previous years. While its forward price-to-earnings ratio may be high for value investors, its potential for store expansions and multiple methods of rewarding shareholders make it an appealing long-term investment.