Costco Wholesale (COST) Raises Quarterly Dividend 11.1% to $0.50; 1.2% Yield
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Costco Wholesale Corporation Reports Special Cash Dividend of $7.00 Per Share and Increase in Quarterly Cash Dividend
April 25, 2017 4:44 PM EDTISSAQUAH, Wash., April 25, 2017 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (Costco or the Company) (Nasdaq: COST) announced today that its Board of Directors has declared a special cash dividend on Costco common stock of $7.00 per share, payable May 26, 2017, to shareholders of record at the close of business on May 10, 2017. The aggregate payment will be approximately $3.1 billion. The special dividend will be funded primarily through additional borrowings. The special dividend will be in addition to the Companys regular quarterly cash dividend of 50 cents per share that was also declared today, which will also be payable on... More
