ISSAQUAH, Wash., Nov. 16, 2020 (World NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: Cost) declared today that its Board of Directors has declared a special income dividend on Costco popular stock of $10 per share, payable December 11, 2020, to shareholders of document as of the shut of small business on December 2, 2020. The combination payment will be approximately $4.4 billion. The specific dividend will be funded through current hard cash.
Richard Galanti, Government Vice President and Main Monetary Officer, commented: “This special dividend, our fourth in 8 decades, is our newest phase to reward shareholders. Our strong harmony sheet lets us to pay this dividend, when preserving economical and operational flexibility to proceed to develop our business globally. Costco will carry on to be in a fiscal situation to choose treatment of our staff, enrich the benefit of the Costco membership, and develop shareholder price about the extended phrase.”
Costco at present operates 802 warehouses, which includes 558 in the United States and Puerto Rico, 102 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, a few in Spain, and just one just about every in Iceland, France, and China. Costco also operates e-commerce internet sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
Specified statements contained in this doc constitute ahead-hunting statements within just the that means of the Private Securities Litigation Reform Act of 1995. For these needs, ahead-on the lookout statements are statements that handle pursuits, activities, situations or developments that the Corporation expects or anticipates could happen in the long run. In some scenarios ahead-searching statements can be determined simply because they include phrases this sort of as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those people phrases. This kind of ahead-looking statements require risks and uncertainties that could bring about genuine functions, success or general performance to vary materially from individuals indicated by these statements. These pitfalls and uncertainties consist of, but are not constrained to, domestic and international economic problems, including trade costs, the outcomes of opposition and regulation, uncertainties in the money markets, customer and small enterprise spending patterns and financial debt stages, breaches of security or privateness of member or business information, situations impacting the acquisition, enhancement, ownership or use of serious estate, money investing, steps of vendors, soaring expenses associated with personnel (normally such as health and fitness-care expenses), electrical power and specific commodities, geopolitical ailments (including tariffs), the ability to retain productive interior manage about money reporting, COVID-19 linked components and challenges, which include (amid other individuals) the duration of the pandemic, the mysterious extensive-phrase economic effects, minimized shopping due to illness, vacation restrictions or fiscal hardship, shifts in need absent from discretionary or bigger-priced merchandise, lowered workforces due to ailment, quarantine, or government mandates, temporary shop closures thanks to lowered workforces or authorities mandates, or offer-chain disruptions, potential constraints of 3rd-party logistics suppliers, and other pitfalls recognized from time to time in the Company’s general public statements and experiences filed with the Securities and Exchange Commission. Forward-searching statements discuss only as of the date they are produced, and the Company does not undertake to update these statements, besides as essential by law.
|CONTACTS:||Costco Wholesale Corporation|
|Richard Galanti, 425/313-8203|
|Bob Nelson, 425/313-8255|
|David Sherwood, 425/313-8239|
|Josh Dahmen, 425/313-8254|