Summary
Costco Wholesale Corporation (COST) filed an 8-K report on July 25, 2016, announcing a routine corporate action. The primary information relevant to investors is the declaration of a quarterly cash dividend by the Board of Directors. This dividend demonstrates the company's ongoing commitment to returning capital to its shareholders. The specific details of the dividend include an amount of $0.45 per share. The payment date is set for August 26, 2016, with a record date of August 12, 2016. Investors holding Costco stock on or before August 12, 2016, will be eligible to receive this dividend payment.
Key Highlights
- 1Declaration of a quarterly cash dividend of $0.45 per share.
- 2Dividend payment date is August 26, 2016.
- 3Record date for dividend eligibility is August 12, 2016.
- 4This filing confirms the company's regular practice of distributing profits to shareholders.
- 5The report was filed on July 25, 2016, with the earliest event date being July 25, 2016.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce the declaration of a quarterly cash dividend by Costco's Board of Directors.
The quarterly cash dividend declared is $0.45 per share of common stock.
The dividend payment is scheduled to be made on August 26, 2016.
Shareholders of record at the close of business on August 12, 2016, are eligible to receive the dividend.