Income Investor Buy Alert - 08/10/2022

[Zacks Income Investor]

A warm welcome to our new Income Investor subscribers! Costco currently meets our criteria for the Income Investor portfolio. Today we want to

Stock Recommendation Alerts for Aug 10, 2022     Overview My Alerts Performance Commentary Guide FAQ/Support   Portfolio Additions Company Sym Yield +Date $Add $Last %Chg ● Costco Whole COST 0.67 8/10/22 543.56

Income Investor Commentary Buy Costco (COST) by Bryan Hayes Posted on 08/10/22 August Zacks Ultimate Strategy Session Now available! Tune in to hear our editors cover the investment landscape from most every angle.     Services Investor Services Investor Collection ETF Investor Home Run Investor Income Investor Stocks Under $10 Value Investor Zacks Top 10 Innovator Services Blockchain Commodity Healthcare Marijuana Technology Other Services Zacks Confidential Zacks Premium   Trading Services Zacks Ultimate Black Box Trader Counterstrike Headline Trader Insider Trader Large-Cap Trader Options Trader Short Sell List Surprise Trader TAZR     A warm welcome to our new Income Investor subscribers! Costco currently meets our criteria for the Income Investor portfolio. Today we want to initiate a stock purchase in COST.  Costco operates membership warehouses globally, offering branded and private-label products in a range of merchandise categories. The company also operates various e-commerce websites.  Costco has been a market leader for many years, and we are taking advantage of this year's decline in price to add the position to our portfolio. A Zacks Rank #2 (Buy), Costco is part of the Zacks Retail - Discount Stores industry, which ranks in the top 39% out of approximately 250 industries.  While the company's dividend ($3.6, 0.67%) doesn't appear that appealing at first glance, they've consistently raised their dividend for the past decade and have often paid large special dividends in the past. The growth trend of dividends is often more important than the absolute value of the current dividend itself.  Talk more tomorrow, Bryan More Commentary »

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