Motley Fool headline: This Ultra-Safe Dividend Stock Can Beat the Bear Market
By Adam Levine-Weinberg - Jun 19, 2022 at 8:08AM
Costco Wholesale stock has fallen more than 25% since April over growing worries about inflation, rising interest rates, and the potential for a recession in the United States.
However, Costco has continued reporting strong sales and earnings growth.
Costco is one of the safest stocks in the market and provides a modest income stream through a combination of quarterly dividends and periodic special dividends.