Costco (COST) wholesale corporation declares $30 special cash dividend and reauthorizes stock repurchase program
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Costco’s board declared a $30-per-share special cash dividend, payable Dec. 4 to holders of record Nov. 24, with the total payout expected at about $13.3 billion. The Issaquah, Wash.-based retailer also reauthorized a $4 billion buyback through November 2030, replacing its 2023 program that had $3.1 billion repurchased and was set to expire in January 2027. The moves return a substantial amount of cash to shareholders and underscore the warehouse club’s strong balance sheet as it operates 945 locations worldwide. Investors will watch the ex-dividend trading date and whether the outsized distribution affects the share price around the record date.
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Costco Wholesale Corporation, Costco (COST), Nasdaq, SEC
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