Costco Wholesale Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Costco Wholesale Corporation (Nasdaq: COST) announced a quarterly cash dividend of 79 cents per share, payable on August 13, 2021. The record date for shareholders is set for July 30, 2021. With 810 operating warehouses globally, Costco continues its growth trajectory, maintaining a strong presence across various countries, including the U.S., Canada, and Japan, alongside its expanding e-commerce sites.

Positive

• Quarterly cash dividend of 79 cents per share announced, reflecting financial stability.

Negative

• Potential risks from economic conditions, competition, and COVID-19 related challenges.

ISSAQUAH, Wash., July 13, 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 of 79 cents per share. The quarterly dividend is payable August 13, 2021, to shareholders of record at the close of business on July 30, 2021.

Costco currently operates 810 warehouses, including 559 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 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, inflation or deflation, 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 for products, reduced workforces due to illness, quarantine, or government mandates, temporary store closures or operational limitations due to 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 dividend amount declared by Costco in July 2021?

Costco declared a quarterly cash dividend of 79 cents per share in July 2021.

When will Costco's dividend be paid?

The dividend will be paid on August 13, 2021.

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

The record date for Costco's dividend payment is July 30, 2021.

How many warehouses does Costco operate as of July 2021?

Costco operates 810 warehouses globally as of July 2021.

In which countries does Costco have warehouses?

Costco has warehouses in the U.S., Canada, Mexico, Japan, the UK, Korea, Taiwan, Australia, Spain, France, and China.