Costco Wholesale (COST) Declares $7.00 Special Dividend; 4.1% Yield

Costco Wholesale (NASDAQ: COST) declared a special dividend of $7.00 per share. The dividend will be payable on May 26, 2017, to stockholders of record on May 10, 2017, with an ex-dividend date of May 8, 2017. The annual yield on the dividend is 4.1 percent.

The special dividend will be in addition to the Company’s regular quarterly cash dividend of 50 cents per share that was also declared today, which will also be payable on May 26, 2017, to shareholders of record at the close of business on May 12, 2017. That amount represents a quarterly increase of 5 cents per share.

Richard Galanti, Executive Vice President and Chief Financial Officer, commented: "Today’s announcement of a $7.00 special dividend is our latest step in returning capital to our shareholders. Our strong balance sheet and favorable access to the credit markets allow us to provide shareholders with this dividend, while preserving financial and operational flexibility to continue to grow our business globally. Costco will continue to be in a financial position allowing us to take care of our employees, enhance the value of the Costco membership, and create shareholder value over the long term."

For a dividend history and other dividend-related data on Costco Wholesale (COST) click here.

You May Also Be Interested In

• Winnebago Industries (WGO) Raises Quarterly Dividend 2.9% to $0.36; 4.4% Yield
• Group 1 Automotive (GPI) Raises Quarterly Dividend 10% to $0.55; 0.8% Yield
• Genuine Parts (GPC) Declares $1.0625 Quarterly Dividend; 3.1% Yield