Summary
Costco Wholesale Corporation filed an 8-K/A amendment on May 15, 2012, reporting on an event from May 9, 2012. The key event disclosed is the Board of Directors' declaration of a quarterly cash dividend and an increase in the dividend amount. This indicates a positive signal from management regarding the company's financial health and commitment to returning value to shareholders.
Key Highlights
- 1The Board of Directors declared a quarterly cash dividend on Costco Wholesale Corp. common stock.
- 2The quarterly cash dividend per share was increased from $0.24 to $0.275.
- 3The new dividend of $0.275 per share was declared on May 9, 2012.
- 4The dividend is payable on June 8, 2012.
- 5Shareholders of record as of the close of business on May 25, 2012, will receive the dividend.
- 6This filing is an amendment (8-K/A) to a previous report.
- 7The filing includes a press release dated May 9, 2012, as an exhibit.
Frequently Asked Questions
The main purpose of this filing is to formally report the declaration of a quarterly cash dividend and an increase in the dividend amount by Costco's Board of Directors.
The new quarterly dividend is $0.275 per share. It was declared on May 9, 2012, and is payable on June 8, 2012.
An increase in the quarterly dividend signals management's confidence in the company's profitability and future cash flows, suggesting a commitment to returning value to shareholders and potentially indicating positive business performance.
Shareholders who are of record at the close of business on May 25, 2012, will be eligible to receive the dividend payment.