Summary
Costco Wholesale Corporation (COST) filed a Form 8-K on July 27, 2009, reporting a routine but important event for investors: the declaration of its quarterly cash dividend. The company's Board of Directors announced a dividend of $0.18 per share, demonstrating a continued commitment to returning capital to shareholders. This declaration is a positive signal of the company's financial stability and its ability to generate consistent cash flows, even amidst broader economic conditions. Investors should note the key dates associated with this dividend. The payment date is scheduled for August 28, 2009, and the record date, by which shareholders must own the stock to be eligible, is August 14, 2009. This information is crucial for current and potential investors looking to understand their potential returns and the timing of cash distributions from their investment in Costco.
Key Highlights
- 1Costco's Board of Directors declared a quarterly cash dividend.
- 2The dividend amount is $0.18 per share.
- 3The dividend is payable on August 28, 2009.
- 4Shareholders of record as of August 14, 2009, will receive the dividend.
- 5This event signals ongoing capital return to shareholders.
- 6The filing is a standard 8-K reporting an 'Other Event'.