Costco Wholesale Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Costco Wholesale Corporation (COST) announced a quarterly cash dividend of 70 cents per share, payable on August 14, 2020, to shareholders on record as of July 31, 2020. The company operates 788 warehouses globally, with a significant presence in the U.S. and Puerto Rico. The announcement reflects Costco's ongoing commitment to returning value to shareholders despite potential uncertainties related to the economic impact of COVID-19 and other market conditions.

Positive

• Quarterly cash dividend of 70 cents per share signifies strong cash management.
• Payable on August 14, 2020, rewarding shareholders promptly.

Negative

• Potential risks from COVID-19 affecting sales and operations.
• Economic uncertainties impacting consumer spending patterns.

ISSAQUAH, Wash., July 15, 2020 (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 of 70 cents per share. The quarterly dividend is payable August 14, 2020, to shareholders of record at the close of business on July 31, 2020.

Costco currently operates 788 warehouses, including 548 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, two 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 workforce due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, 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.

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10%; width:10%; min-width:10%;">CONTACTS:	90%; width:90%; min-width:90%;">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 dividend amount for Costco in August 2020?

Costco declared a dividend of 70 cents per share, payable on August 14, 2020.

When is the dividend payable to Costco shareholders?

The dividend is payable on August 14, 2020, to shareholders of record as of July 31, 2020.

What are the risks mentioned in Costco's press release?

Risks include COVID-19 impacts on consumer behavior and economic conditions.

How many warehouses does Costco operate?

Costco operates a total of 788 warehouses globally.