Costco (COST) Raises Quarterly Dividend 14% to $0.65, 1.1% Yield; Board Reauthorizes Share Buyback Up to $4B (Friday)
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Costco Wholesale Corporation Announces Reauthorization of Stock Repurchase Program and Quarterly Cash Dividend Increase
April 26, 2019 4:36 PM EDTISSAQUAH, Wash., April 26, 2019 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation ("Costco" or the "Company")Â (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 2023 and replaces the current $4 billion program (which expired earlier this month), which had unused authorization of approximately $2.2 billion. The Board of Directors also declared a quarterly cash dividend on Costco common stock, including a quarterly increase from 57 to 65 cents per share, or $2.60 per share on an annualized basis. The dividend is payable... More
