5 Best Dividend Stocks on Robinhood

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 67

Costco Wholesale Corporation (NASDAQ:COST) is a well-known American retail company that operates a chain of membership-based warehouse clubs. The company holds a 19-year track record of dividend growth and currently pays a quarterly dividend of $1.02 per share. The stock’s dividend yield on November 7 came in at 0.71%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q2 2023, 67 funds held stakes in Costco Wholesale Corporation (NASDAQ:COST), up from 63 a quarter earlier. The overall value of these stakes is over $2.24 billion.

Madison Investments mentioned Costco Wholesale Corporation (NASDAQ:COST) in its Q3 2023 investor letter. Here is what the firm has to say:

“Costco Wholesale Corporation (NASDAQ:COST) moved higher during the quarter with solid sales and traffic trends and waning inflation. As the consumer faces a tougher economic backdrop, we see Costco continuing to gain share with its strong value proposition.”

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