Summary
Costco Wholesale Corporation (COST) announced on April 14, 2021, a quarterly cash dividend declaration by its Board of Directors. This filing, which incorporates a press release dated April 14, 2021, serves to inform investors about the company's capital return policy. The key takeaway is the increase in the quarterly dividend, signaling confidence in the company's financial health and its commitment to shareholder returns.
Key Highlights
- 1Board of Directors declared a quarterly cash dividend on common stock.
- 2The quarterly dividend has been increased to 79 cents per share.
- 3The annualized dividend rate is now $3.16 per share.
- 4The dividend declared on April 14, 2021, is payable on May 14, 2021.
- 5Shareholders of record as of the close of business on April 30, 2021, will receive the dividend.
- 6This announcement reflects a positive signal regarding Costco's financial stability and profitability.
Frequently Asked Questions
The new quarterly cash dividend amount for Costco's common stock has been increased to 79 cents per share.
The annualized dividend payment will be $3.16 per share, based on the new quarterly rate of 79 cents.
The dividend declared on April 14, 2021, is payable on May 14, 2021.
Shareholders who are on record at the close of business on April 30, 2021, will be eligible to receive the dividend payment.