Diamonds and Dogs
Costco Wholesale (COST) raised their dividend. As other companies cut costs and suspend their dividends to survive, Costco's stock is up 3% not far from all-time highs after raising their dividend 7.7%. Costco last week reported a 9.6% jump in March comparable sales. Costco joins Procter & Gamble and Johnson & Johnson in raising their dividends this quarter.
Rite Aid (rad) lower by 21% on a wider-than-expected fourth-quarter loss. The drugstore chain warned of a "tempered decline" in front-end sales during the rest of their first quarter due to the coronavirus pandemic. However, Rite Aid did see a 33% increase in comparable sales for personal-care items, paper products and over-the-counter medications.
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