Costco – Costco Wholesale Company Declares Particular Money Dividend of $10 Per Share Nasdaq:COST
ISSAQUAH, Wash., Nov. 16, 2020 (GLOBE NEWSWIRE) — Costco Wholesale Company (“Costco” or the “Company”) (Nasdaq: COST) introduced at present that its Board of Administrators has declared a particular cash dividend on Costco frequent stock of $10 per share, payable December 11, 2020, to shareholders of document as of the shut of enterprise on December 2, 2020. The combination fee shall be roughly $4.Four billion. The particular dividend shall be funded by way of present cash.
Richard Galanti, Govt Vice President and Chief Monetary Officer, commented: “This special dividend, our fourth in eight years, is our latest step to reward shareholders. Our strong balance sheet allows us to pay this dividend, while preserving financial and operational flexibility to continue to grow our business globally. Costco will continue to be in a financial position to take care of our employees, enhance the value of the Costco membership, and create shareholder value over the long term.”
Costco at the moment operates 802 warehouses, together with 558 in the US and Puerto Rico, 102 in Canada, 39 in Mexico, 29 in the UK, 27 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, three in Spain, and one every in Iceland, France, and China. Costco additionally operates e-commerce websites within the U.S., Canada, the UK, Mexico, Korea, Taiwan, Japan, and Australia.
Sure statements contained on this doc represent forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. For these functions, forward-looking statements are statements that tackle actions, occasions, circumstances or developments that the Firm expects or anticipates may happen sooner or later. In some circumstances forward-looking statements may be recognized as a result of they comprise phrases equivalent to “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or related expressions and the negatives of these phrases. Such forward-looking statements contain dangers and uncertainties that may trigger precise occasions, outcomes or efficiency to vary materially from these indicated by such statements. These dangers and uncertainties embrace, however aren’t restricted to, home and worldwide financial circumstances, together with exchange charges, the results of competitors and regulation, uncertainties within the monetary markets, shopper and small enterprise spending patterns and debt ranges, breaches of safety or privateness of member or enterprise info, circumstances affecting the acquisition, improvement, possession or use of actual property, capital spending, actions of distributors, rising prices related to workers (typically together with health-care prices), power and sure commodities, geopolitical circumstances (together with tariffs), the flexibility to keep up efficient inside management over monetary reporting, COVID-19 associated components and challenges, together with (amongst others) the length of the pandemic, the unknown long-term financial influence, decreased procuring resulting from sickness, journey restrictions or monetary hardship, shifts in demand away from discretionary or higher-priced merchandise, decreased workforces resulting from sickness, quarantine, or authorities mandates, momentary retailer closures resulting from decreased workforces or authorities mandates, or supply-chain disruptions, capability constraints of third-party logistics suppliers, and different dangers recognized every now and then within the Firm’s public statements and experiences filed with the Securities and Alternate Fee. Ahead-looking statements converse solely as of the date they’re made, and the Firm doesn’t undertake to replace these statements, besides as required by regulation.
|CONTACTS:||Costco Wholesale Company|
|Richard Galanti, 425/313-8203|
|Bob Nelson, 425/313-8255|
|David Sherwood, 425/313-8239|
|Josh Dahmen, 425/313-8254|
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