10 Best Long-Term Dividend Stocks to Buy According to Billionaires

8. Costco Wholesale Corporation (NASDAQ:COST)

Number of Billionaire Holders: 16

Costco Wholesale Corporation (NASDAQ:COST) is an American retail company, headquartered in Washington. The company operates a chain of membership-only warehouse clubs, with a global network of 897 locations. It continues to achieve steady revenue growth while maintaining membership renewal rates above 90%.

Analysts believe that in the event of a recession, Costco Wholesale Corporation (NASDAQ:COST) is likely to outperform its competitors. Its focus on offering high-quality goods at low prices makes it particularly appealing to consumers, especially for everyday essentials. The company’s successful membership model fosters customer loyalty and generates a high-margin, recurring revenue stream. Costco’s membership base now includes 78.4 million households, contributing $1.2 billion in membership fee income.

Costco Wholesale Corporation (NASDAQ:COST) is also a strong dividend payer. On April 16, the company declared a 12% hike in its quarterly dividend to $1.30 per share. Through this increase, the company stretched its dividend growth streak to 21 years, which makes COST one of the best dividend stocks according to billionaires. The stock has a dividend yield of 0.53%, as of April 27.

At the end of Q4 2024, 16 billionaires held stakes in Costco Wholesale Corporation (NASDAQ:COST), worth over $4.7 billion collectively. Billionaire Ken Fisher was the company’s largest stakeholder in Q4.