Costco Wholesale Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Costco Wholesale Corporation (COST) declared a quarterly cash dividend of 79 cents per share, payable on February 18, 2022, to shareholders recorded by February 4, 2022. Currently, Costco operates 828 warehouses across various countries, including 572 in the U.S. and Puerto Rico, and has e-commerce sites in multiple regions. The Company also warned investors about potential risks affecting future performance, including economic conditions, competition, and operational challenges.

Positive

• Quarterly dividend of 79 cents per share, providing income for shareholders.
• Strong presence with 828 warehouses globally, indicating business stability.

Negative

• Risks include economic fluctuations, competition, and supply chain disruptions.
• Potential impacts from COVID-19 and climate-related regulations could affect operations.

ISSAQUAH, Wash., Jan. 20, 2022 (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 February 18, 2022, to shareholders of record at the close of business on February 4, 2022.

Costco currently operates 828 warehouses, including 572 in the United States and Puerto Rico, 105 in Canada, 40 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, four in Spain, and two each in France and China, and one in Iceland. 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, regulatory and other impacts related to climate change, and 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 amount of Costco's dividend for February 2022?

Costco has declared a quarterly cash dividend of 79 cents per share for February 2022.

When is Costco's dividend payment date?

The dividend is payable on February 18, 2022.

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

The risks include economic conditions, competition, regulatory impacts, supply chain disruptions, and effects of COVID-19.

Who is eligible for Costco's dividend payment?

Shareholders of record as of February 4, 2022, are eligible for the dividend payment.