Costco Boosts Dividend, Authorizes Buyback of Up to $4 Billion
April 26 2019 - 5:21PM
Dow Jones News
By Josh Beckerman
Costco Wholesale Corp. (COST) increased its quarterly dividend
to 65 cents from 57 cents, and authorized the repurchase of up to
$4 billion of stock through April 2023.
A previous $4 billion buyback program expired earlier this
month.
Costco said the dividend is payable May 24 to shareholders of
record May 10.
On April 10, Costco reported March total sales of $13.87 billion
as comparable sales rose 5.7%.
In after-hours trading, Costco shares rose 1.4% to $245.23.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
April 26, 2019 17:06 ET (21:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Apr 2023 to Apr 2024
