Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend
April 15 2020 - 4:20PM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today announced that its Board of Directors has declared a
quarterly cash dividend on Costco common stock and approved a
quarterly increase from 65 to 70 cents per share, or $2.80 on an
annualized basis. The dividend is payable May 15, 2020, to
shareholders of record at the close of business on May 1, 2020.
Costco currently operates 787 warehouses,
including 547 in the United States and Puerto Rico, 100 in Canada,
39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea,
13 in Taiwan, 12 in Australia, two 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. Certain statements contained in this document
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. For these
purposes, forward-looking statements are statements that address
activities, events, conditions or developments that the Company
expects or anticipates may occur in the future. In some cases
forward-looking statements can be identified because they contain
words such 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
terms. Such forward-looking statements involve risks and
uncertainties that may cause actual events, results or performance
to differ materially from those indicated by such statements. These
risks and uncertainties include, but are not limited to, domestic
and international economic conditions, including exchange rates,
the effects of competition and regulation, uncertainties in the
financial markets, consumer and small business spending patterns
and debt levels, breaches of security or privacy of member or
business information, conditions affecting the acquisition,
development, ownership or use of real estate, capital spending,
actions of vendors, rising costs associated with employees
(generally including health care costs), energy and certain
commodities, geopolitical conditions (including tariffs), the
ability to maintain effective internal control over financial
reporting, COVID-19 related factors and challenges, including among
others, the duration of the pandemic and its after effects, the
inability of customers to shop due to illness, travel restrictions
or financial hardship, shifts in demand away from discretionary or
higher priced products to lower priced products, the inability of
the workforce to work due to illness, quarantine, or government
mandates, or temporary store closures due to reduced workforces or
government mandates, supply chain disruptions, and other risks
identified from time to time in the Company’s public statements and
reports filed with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are made,
and the Company does not undertake to update these statements,
except as required 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
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