Costco to increase dividend by nearly 14% to 90 cents a share

Costco Wholesale Corp.
COST,
+1.67%
said late Wednesday that its board of directors has authorized a dividend increase to 90 cents a share, from 70 cents a share. The dividend is payable on May 13 to shareholders of record at the close of business on April 29. Shares of Costco rose 0.3% in the extended session Wednesday after ending the regular trading day up 1.7%.