Summary
Costco Wholesale Corporation (COST) filed a Form 8-K on January 28, 2009, to report a routine but important event for shareholders: the declaration of its quarterly cash dividend. The Board of Directors approved a dividend of $0.16 per share on common stock, payable on February 27, 2009, to shareholders of record as of February 13, 2009. While this filing doesn't contain operational or financial results, the dividend declaration signals continued confidence from management in the company's ability to generate cash flow and return value to its investors, even in the prevailing economic climate of late 2008/early 2009. Investors seeking income from their investments would note this regular distribution.
Key Highlights
- 1Costco declared a quarterly cash dividend of $0.16 per share.
- 2The dividend is payable on February 27, 2009.
- 3Shareholders of record as of February 13, 2009, will receive the dividend.
- 4The declaration was made by the Board of Directors on January 28, 2009.
- 5This 8-K filing primarily serves to formally announce the dividend payment details.
- 6The company continues its regular practice of returning capital to shareholders.
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially announce the declaration of Costco's quarterly cash dividend to its shareholders.
The quarterly cash dividend declared is $0.16 per share of common stock.
Shareholders who own Costco stock at the close of business on February 13, 2009 (record date) are eligible to receive the dividend.
The dividend payment date is scheduled for February 27, 2009.