Costco Wholesale Corporation Declares Special Cash Dividend of $10 Per Share

Costco Wholesale Corporation announced that its Board of Directors has declared a special cash dividend on Costco common stock of $10 per share, payable Dec. 11, 2020, to shareholders of record as of the close of business on December 2, 2020. The aggregate payment will be approximately $4.4 billion. The special dividend will be funded through existing cash.

Richard Galanti, evp and CFO, commented, “This special dividend, our fourth in eight years, is our latest step to reward shareholders. Our strong balance sheet allows us to pay this dividend, while preserving financial and operational flexibility to continue to grow our business globally. Costco will continue to be in a financial position to take care of our employees, enhance the value of the Costco membership and create shareholder value over the long term.”

Costco currently operates 802 warehouses, including 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, three in Spain and one each in Iceland, France and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.