Costco Wholesale Corporation (NASDAQ:COST) stock has been a darling of Wall Street over the past five years, returning approximately 232% over that time. 

While Costco, a multi-billion dollar global retailer with warehouse club operations in eight countries,  has had a good run, its dividend yield is nothing to write home about. 

At 0.58% and a quarterly dividend amount of $1.01, it's better than nothing. But there's another option to consider. 

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A Hack to Earn a 4.9% Yield from Costco

Instead of buying Costco at nearly $700/share and earning a 0.58% annual dividend yield, you can buy shares of Agree Realty Corporation (NYSE:ADC) for $60. With that comes a 4.9% annual dividend yield.

Agree Realty Corporation is a real estate investment trust (REIT) that focuses on acquiring and developing properties net leased to industry-leading retail tenants, including Costco. 

The company typically invests in retail properties leased to tenants in various sectors, including automotive, consumer goods, and essential services, providing a diversified portfolio in terms of tenant base and geographic locations.

Its portfolio consists of 2,135 properties consisting of 44 million square feet. 

Agree Realty Corporation currently pays a monthly dividend of $0.247, which equates to  $2.964 per share annually. 

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