Costco Wholesale Corporation (NASDAQ:COST) has declared a quarterly cash dividend and disclosed upcoming increases to its membership fees.

The company’s board of directors approved a cash dividend of $1.16 per share.

This quarterly dividend is payable on August 9, 2024, to shareholders of record at the close of business on July 26, 2024.

The company also announced that starting September 1, 2024, it will raise its annual membership fees by $5 for U.S. and Canada Gold Star, Business, and Business add-on members.

The fee for Executive Memberships will also see an increase from $120 to $130.

These changes are expected to impact around 52 million memberships, with over half of these being Executive members.