By Stephen Nakrosis

Costco Wholesale Corp. on Wednesday said its board approved an increase in its quarterly cash dividend to 79 cents from 70 cents a share.

The retailer said the new dividend will be payable May 14 to shareholders of record as of April 30.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

04-14-21 1649ET