Costco Wholesale (COST) Declares $5.00 Special Dividend; 3.6% Yield

Costco Wholesale (NASDAQ: COST) declared a special dividend of $5.00 per share. The dividend will be payable on February 27, 2015, to stockholders of record on February 9, 2015, with an ex-dividend date of February 5, 2015. The annual yield on the dividend is 3.6 percent.

The aggregate payment will be approximately $2.2 billion. The special dividend will be funded through existing cash and additional borrowings. It will be in addition to the Company's regular quarterly cash dividend of $.355 per share that was declared on January 29, 2015.

Richard Galanti, Executive Vice President and Chief Financial Officer, commented: "Today's announcement of a $5.00 special dividend is our latest step in returning capital to our shareholders while maintaining our conservative capital structure. Our strong balance sheet and favorable access to the credit markets allow us to provide shareholders with this dividend, while also preserving financial and operational flexibility to grow our business globally; and allowing for ongoing dividend and share repurchase activities."

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

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