Dividend stocks provide security for any kind of portfolio, and even growth investors should have some. These excellent, long-term businesses can support a growing dividend.
Costco's yield may look underwhelming, but that's largely due to the stock's impressive gains. The company has doubled its dividend payments since 2020.
Macroeconomic volatility feels like it has been ratcheted up a few notches in recent years. Stock prices, interest rates, commodity trends, and currency pairs turn on a dime, while official economic data is harder to collect and interpret.
Considering how the precious metal performed over the previous two years, there is little doubt that Costco's (NASDAQ: COST) 2023 decision to start selling gold bars has been exceptionally savvy.
Thanks to a combination of new warehouse openings and growing same-store sales, Costco's revenue will keep marching higher. The company won't be the first retailer in the trillion-dollar family.
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