Summary
Costco Wholesale Corporation (COST) filed an 8-K on July 23, 2013, primarily to announce a routine quarterly cash dividend. The Board of Directors declared a dividend of $0.31 per share on common stock, payable on August 23, 2013, to shareholders of record as of August 9, 2013. This announcement is typical for a mature company like Costco and provides clarity to investors regarding the upcoming distribution of profits.
Key Highlights
- 1Costco declared a quarterly cash dividend of $0.31 per share on July 21, 2013.
- 2The dividend payment date is August 23, 2013.
- 3Shareholders of record as of the close of business on August 9, 2013, will receive the dividend.
- 4This filing is an 8-K, indicating a material event has occurred or is being disclosed.
- 5The primary purpose of this 8-K filing is to formally announce the dividend declaration.
- 6The filing also includes a press release dated July 21, 2013, as an exhibit.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially announce the declaration of a quarterly cash dividend by Costco's Board of Directors.
The quarterly dividend declared is $0.31 per share of common stock.
The dividend is payable on August 23, 2013, to shareholders who are on record as of the close of business on August 9, 2013.
This specific 8-K filing is primarily focused on the dividend declaration. While it includes a press release, the core disclosed event is the dividend payment. Investors should refer to other filings (like 10-Q or 10-K) for broader financial performance details.