"Costco's Special Dividend and Dividend Stocks: Record Highs and Predictable Waves"

Costco Wholesale is issuing a special $15 dividend for shareholders, representing a 2% dividend yield. Reinvesting the dividend into Costco stock has historically been a successful strategy, with previous special dividends resulting in higher returns compared to the S&P 500. Despite facing difficult year-over-year comparisons, Costco's earnings per share rose by 17%, making it a worthwhile investment. Concerns about the stock's premium valuation may be mitigated by an upcoming membership fee raise, which will boost earnings. Overall, investors are advised to consider establishing a position or reinvesting their dividends into Costco shares.