Costco Wholesale (COST) Raises Quarterly Dividend 12.7% to $0.40; 1.1% Yield
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Costco Wholesale Corporation Announces Reauthorization of Its Stock Repurchase Program and an Increase in Its Quarterly Cash Dividend
April 17, 2015 4:59 PM EDTISSAQUAH, WA -- (Marketwired) -- 04/17/15 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced that its Board of Directors has reauthorized a common stock repurchase program of up to $4 billion. This program will expire in April 2019 and replaces the current $4 billion program (expiring this month), which has unused authorization of approximately $2.5 billion. The Board of Directors also declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from $.355 to $.40 per share, or $1.60 per share on an annualized basis. The dividend is payable May 15, 2015,... More
