Summary
Costco Wholesale Corporation (COST) announced on April 24, 2018, a quarterly cash dividend declaration by its Board of Directors. This declaration includes an increase in the dividend to 57 cents per share, translating to an annual payout of $2.28 per share. This move signals continued confidence from the company's leadership in its financial health and commitment to returning value to its shareholders. The dividend is scheduled to be paid on May 25, 2018, to shareholders who are on record by the close of business on May 11, 2018. This regular return of capital is a key factor for income-focused investors and demonstrates Costco's consistent ability to generate sufficient cash flow to support such distributions.
Key Highlights
- 1Board of Directors declared a quarterly cash dividend on common stock.
- 2Increased the quarterly cash dividend to 57 cents per share.
- 3The annualized dividend is now $2.28 per share.
- 4Dividend payment date set for May 25, 2018.
- 5Record date for dividend eligibility is May 11, 2018.
- 6This announcement reflects management's confidence in the company's financial performance.
- 7Demonstrates a commitment to returning capital to shareholders.
Frequently Asked Questions
The new quarterly cash dividend amount is 57 cents per share.
The dividend is payable on May 25, 2018.
Shareholders of record at the close of business on May 11, 2018, are eligible to receive the dividend.
The annualized dividend amount is $2.28 per share, based on the new quarterly payout of 57 cents.