8-KOther EventsExhibits & Filings

COSTCO WHOLESALE CORP /NEW 8-K Report, Corporate Update (Jan 30, 2017)

Filed January 30, 2017For Securities:COST

Summary

Costco Wholesale Corporation (COST) filed an 8-K on January 29, 2017, reporting on an event that occurred on January 27, 2017. The primary purpose of this filing was to announce the declaration of a quarterly cash dividend on the company's common stock by its Board of Directors. This dividend is a routine return of capital to shareholders and indicates the company's ongoing financial health and commitment to rewarding its investors. The filing details the dividend amount, payment date, and record date, providing essential information for shareholders to understand their entitlements. For investors, this announcement signals continued operational stability and a positive cash flow position, enabling the consistent distribution of profits. While this specific 8-K doesn't contain operational or financial performance metrics, it reinforces Costco's established practice of returning value to shareholders. Investors should note the dates provided for record and payment to ensure they are eligible for the dividend distribution.

Key Highlights

  • 1Costco's Board of Directors declared a quarterly cash dividend on common stock.
  • 2The dividend amount is $0.45 per share.
  • 3The dividend is payable on February 24, 2017.
  • 4Shareholders of record as of the close of business on February 10, 2017, are eligible to receive the dividend.
  • 5The filing date was January 29, 2017, with the earliest event reported on January 27, 2017.
  • 6This 8-K filing primarily serves as an announcement of dividend declaration, not a report on financial performance or significant business events.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce that Costco's Board of Directors has declared a quarterly cash dividend on the company's common stock. It provides the specifics regarding the dividend amount, payment date, and the record date for eligibility.

The declared quarterly dividend is $0.45 per share. It is scheduled to be paid on February 24, 2017.

Shareholders who are on record as owning Costco's common stock at the close of business on February 10, 2017, will be eligible to receive the $0.45 per share dividend.

No, this specific 8-K filing (Item 8.01) is solely focused on the declaration of the quarterly dividend. It does not include details on the company's financial performance, sales, or other operational updates. Such information would typically be found in other SEC filings like quarterly earnings reports (10-Q) or annual reports (10-K).