01—Abstract
Summary
Summary of the 8-K filed October 17, 2024. Cited figures are marked; the original filing is the authoritative source.
Costco Wholesale Corporation (Nasdaq: COST) disclosed in this Form 8-K, filed October 17, 2024, that its Board of Directors declared a quarterly cash dividend of $1.16a per share on common stock.
The dividend was declared October 16, 2024, is payable November 15, 2024, and goes to shareholders of record as of the close of business on November 1, 2024. The filing is a routine capital-return announcement under Item 8.01 (Other Events), with no new financial results, guidance, or material transactions disclosed. For investors, the key takeaway is the continued consistency of Costco's regular dividend policy.
A $1.16b quarterly payment equals roughly $4.64 annually on a per-share basis, and the record date and payment timing follow the company's established cadence. The press release also notes that Costco operates 891 warehouses worldwide, including 614 in the United States and Puerto Rico, plus e-commerce sites in eight countries, underscoring the scale of the operating base that supports the dividend.
The filing contains no information about earnings, margins, comparable sales, or balance sheet changes, so investors seeking fundamental performance data should refer to Costco's quarterly and annual reports. The filing includes standard forward-looking statement disclaimers covering risks such as economic conditions, inflation, competition, tariffs, and workforce costs.
02—Key points
Key Highlights
- Quarterly cash dividend of $1.16 per share declared by the Board of Directors on October 16, 2024
- Dividend payable November 15, 2024, to shareholders of record at the close of business on November 1, 2024
- Implied annualized dividend of approximately $4.64 per share based on the quarterly rate
- Disclosed under Item 8.01 (Other Events) with the press release furnished as Exhibit 99.1
- Costco operates 891 warehouses globally, including 614 in the United States and Puerto Rico
- E-commerce sites operate in the U.S., Canada, U.K., Mexico, Korea, Taiwan, Japan, and Australia
- No earnings, guidance, or material transactions were disclosed in this filing
03—Questions
Frequently Asked Questions
How much is the dividend and when will it be paid?
Costco's Board declared a quarterly cash dividend of $1.16 per share on October 16, 2024. It is payable November 15, 2024, to shareholders of record at the close of business on November 1, 2024.
What is the annualized value of this dividend?
Based on the $1.16 quarterly rate, the annualized dividend works out to approximately $4.64 per share, assuming the rate stays constant over four quarters.
Does this filing include Costco's financial results or guidance?
No. The filing only announces the dividend declaration and attaches a press release about the dividend and warehouse footprint. It contains no earnings, revenue, margin, or forward guidance figures.
What do the record date and payment date mean for shareholders?
To receive the dividend, an investor must own shares as of the close of business on the November 1, 2024 record date. The cash payment is then made on November 15, 2024. Because of standard settlement conventions, shares purchased on or after the ex-dividend date generally do not qualify for this payment.
How large is Costco's operating footprint?
The press release states Costco operated 891 warehouses as of the announcement date, with 614 in the United States and Puerto Rico, 108 in Canada, 40 in Mexico, 35 in Japan, 29 in the United Kingdom, and smaller numbers in other countries.
04—Continue