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Industry NewsCostco announces rare dividend payout

Costco announces rare dividend payout


Thursday, May 4, 2017

Costco is paying out a special cash dividend of US$7.00 per share to its shareholders, along with a five-cent increase of its quarterly cash dividend to 50 cents a share.

The one-time distribution typically only comes when things are going especially well, according to a report. Costco said the special payout on common stock will be paid on May 26 to shareholders of record at the close of business May 10. The total payment of about US$3.1 billion will be primarily funded through additional borrowings

Costco currently operates more than 700 warehouses, including more than 500 in the United States and Puerto Rico, 95 in Canada, 37 in Mexico, 28 in the United Kingdom, 25 in Japan, 13 in Korea, 13 in Taiwan, eight in Australia and two in Spain.

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