7/1017 sources · 9 publishersUpdated Nov 12, 17:36 UTC
Costco declares $30 per‑share special dividend and $4 billion share‑repurchase program
Costco Wholesale announced a $30 special cash dividend, amounting to about $13.3 billion, payable on December 4 to shareholders of record on November 24. The board also re‑authorized a $4 billion stock buyback that will run through November 2030, replacing the prior program. The announcement lifted the share price roughly 1.6‑1.9% in after‑hours trading.
Why it matters
The dividend represents a 2.8% cash return based on the current share price, returning excess cash to shareholders (). Analysts at Mizuho and Bernstein raised their price targets following the payout, indicating expectations of continued strong cash flow ().
Key facts
- 1Special dividend of $30 per share tradingview.com
- 2Total dividend payout of $13.3 billion investinglive.com
- 3Record date set for November 24, payable December 4 seekingalpha.com
- 4Board re‑authorized a $4 billion share repurchase program through November 2030 247wallst.com
- 5Shares rose about 1.6% in after‑hours trading after the announcement 247wallst.com
- 6Shares rose about 1.9% in after‑hours trading according to another report tradingview.com
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.