Costco increases dividend to 57 cents a share

Costco Wholesale Corp. said late Tuesday that its board of directors has approved a quarterly dividend increase to 57 cents a share, from 50 cents a share, or $2.28 a share annualized. The dividend is payable May 25 to shareholders of record on May 11. Costco shares rose 0.2% in late trading after ending the regular session down 0.4%.