Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend

Rhea-AI Summary

Costco has declared a quarterly cash dividend, increasing it from 70 to 79 cents per share, totaling $3.16 annually. This dividend will be payable on May 14, 2021, to shareholders of record by the close of business on April 30, 2021. Currently, Costco operates 808 warehouses across various countries, including 559 in the United States and Puerto Rico. The company's ability to adapt to market conditions and maintain its extensive operations is critical for future growth.

Positive

• Quarterly dividend increased to 79 cents per share, boosting annual dividend to $3.16.
• Strong operational footprint with 808 warehouses globally, indicating robust market presence.

Negative

• None.

ISSAQUAH, Wash., April 14, 2021 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from 70 to 79 cents per share, or $3.16 on an annualized basis. The dividend is payable May 14, 2021, to shareholders of record at the close of business on April 30, 2021.

Costco currently operates 808 warehouses, including 559 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 29 in the United Kingdom, 28 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, COVID-19 related factors and challenges, including (among others) the duration of the pandemic, the unknown long-term economic impact, reduced shopping due to illness, travel restrictions or financial hardship, shifts in demand away from discretionary or higher-priced products, reduced workforces due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, capacity constraints of third-party logistics suppliers, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law.

CONTACTS:		Costco Wholesale Corporation
		Richard Galanti, 425/313-8203
		Bob Nelson, 425/313-8255
		David Sherwood, 425/313-8239
		Josh Dahmen, 425/313-8254

                 

FAQ

What is the new quarterly dividend amount for Costco (COST)?

Costco has increased its quarterly dividend to 79 cents per share.

When will the dividend be paid for Costco (COST)?

The dividend will be payable on May 14, 2021.

What is the annualized dividend for Costco (COST) after the increase?

The annualized dividend for Costco is now $3.16 per share.

What is the record date for Costco's (COST) dividend payment?

The record date for the dividend payment is April 30, 2021.