- The board of administrators at Costco Wholesale Company (NASDAQ: COST) introduced this week that it’s going to pay its shareholders a particular dividend of $10 per share. These are the small print.
The board of administrators at Costco Wholesale Company (NASDAQ: COST) introduced this week that it’s going to pay its shareholders a particular dividend of $10 per share. The $4.Four billion payout goes to be made to shareholders of report as of December 2. And that is the fourth particular dividend issued by the Costco board up to now Eight years. The latest particular dividend paid by Costco occurred in April 2017.
“Our strong balance sheet allows us to pay this dividend, while preserving financial and operational flexibility to continue to grow our business globally,” stated Costco CFO Richard Galanti in a press release.
On September 24, Costco had reported that its fourth-quarter revenue elevated 25% year-over-year to $1.39 billion ($3.13 per share). And gross sales at shops open a minimum of 12 months elevated by 14%. This was practically double the earlier quarter when comparable gross sales had elevated by 7.8%. Plus Costco’s comparable on-line gross sales elevated by over 91% for the month of October. As of August 30, Costco reported 105.5 million membership cardholders, which was a rise of seven% from the fiscal 12 months 2019.
Costco had beforehand introduced a daily quarterly cash dividend of $0.70 per share on October 14. And the particular $10 dividend represents a 2.6% return on the closing share price of $379.79 on Monday.
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