Finance and markets: business, quotes, gold, energy and releases.
Costco Wholesale will distribute a $30-per-share special dividend, a payment totaling $13.3 billion, and replace its expiring $4 billion stock repurchase authorization with a new program running through November 2030.
The dividend is payable Dec. 4 to shareholders of record as of Nov. 24, the retailer said Tuesday.
The new buyback authorization replaces a previous $4 billion program due to expire in January. Costco said it had purchased $3.1 billion of shares under that authorization.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!