Costco Approves $1.47 Quarterly Dividend Following Strong Sales Growth
Costco Wholesale Corporation (COST) declared a quarterly cash dividend of $1.47 per share on Wednesday. Shares of the warehouse retailer moved slightly higher in after-hours trading after finishing the regular trading day up 2.87% at $982.
The payout follows strong monthly revenue results reported for the previous period. Net sales for the five weeks ended Oct. 4 rose 13% year over year to $30.02 billion, compared with $26.58 billion in the prior-year period. Digital sales also expanded, rising 19.0% over the same timeframe.
Investors will look toward upcoming dividend milestones, with payment set for Nov. 13 to shareholders of record as of Oct. 30. Carrying a market capitalization of $435.15 billion, the company has seen its stock rise 3.75% over the past 12 months.
Key points
- Costco declared a quarterly cash dividend of $1.47 per share.
- The dividend is payable Nov. 13 for shareholders of record as of Oct. 30.
- Net sales for the five-week period ended Oct. 4 reached $30.02 billion, up 13% year over year.
- Digitally enabled sales grew 19.0% during the September sales period.
- Costco shares closed regular trading up 2.87% at $982 before edging higher after hours.
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How we writeDisclaimerQuestions and answers
What is Costco's latest dividend amount and payment date?
Costco declared a quarterly cash dividend of $1.47 per share, payable on Nov. 13 to shareholders of record at the close of business on Oct. 30.
How much did Costco's September sales grow?
Net sales for the five weeks ended Oct. 4 increased 13% year over year to $30.02 billion, while digital sales climbed 19.0%.
How did Costco stock perform following the announcement?
Costco shares finished regular trading up 2.87% at $982 on Wednesday and edged up further to $982.22 in extended trading.