Summary
Costco Wholesale Corporation (COST) filed an 8-K on July 15, 2020, to announce a routine quarterly dividend declaration. The Board of Directors declared a cash dividend of $0.70 per share on its common stock. This dividend is scheduled to be paid on August 14, 2020, to shareholders who are on record as of the close of business on July 31, 2020. This action reflects the company's ongoing commitment to returning capital to its shareholders.
Key Highlights
- 1Quarterly cash dividend of $0.70 per share declared.
- 2Dividend payment date is August 14, 2020.
- 3Record date for shareholders is July 31, 2020.
- 4The declaration is a routine event by the Board of Directors.
- 5This filing (Item 8.01) primarily serves to formally announce the dividend.
- 6A press release dated July 15, 2020, is included as Exhibit 99.1.
Frequently Asked Questions
The quarterly cash dividend declared is $0.70 per share.
The dividend will be paid on August 14, 2020.
Shareholders of record at the close of business on July 31, 2020, are eligible to receive the dividend.
No, the filing indicates this is a routine quarterly dividend declaration by the Board of Directors, reflecting a consistent capital return policy to shareholders rather than a strategic shift.