13 Best American Dividend Stocks to Buy According to Analysts

10. Costco Wholesale Corporation (NASDAQ:COST)

Upside Potential as of April 20: 9.26%

Costco Wholesale Corporation (NASDAQ:COST) is a Washington-based retail company that operates membership-only big box warehouse club stores. With a global network of 897 warehouses, the company continues to deliver consistent revenue growth and maintains membership renewal rates above 90%.

Looking ahead to fiscal 2025, Costco Wholesale Corporation (NASDAQ:COST) plans to open 29 additional locations. For investors, this signals continued growth potential, especially since the company hasn’t yet reached market saturation—even in the US, where 617 of its warehouses are located. Several midsize American cities still lack a Costco, and many large metropolitan areas do not yet have a business center, indicating significant room for further domestic expansion.

In fiscal Q2 2025, Costco Wholesale Corporation (NASDAQ:COST) reported revenue of $63.7 billion, which showed a 9.1% growth from the same period last year. The company’s net income for the quarter came in at $1.8 billion, up from $1.7 billion in the prior-year period. Its cash position also came in strong as it had over $12.3 billion available in cash and cash equivalents. The company’s operating cash flow for the quarter came in at $6 billion, up from $5.4 billion in the same quarter last year.

Due to this cash position, Costco Wholesale Corporation (NASDAQ:COST) declared a 12% hike in its quarterly dividend to $1.30 per share on April 16. This was the company’s 21st consecutive year of dividend growth, which makes COST one of the best dividend stocks on our list. The stock has a dividend yield of 0.47%, as of April 20.