Costco (COST) Stock Edges Higher After $30 Special Dividend Announcement

TLDR Costco declared a $30 per share special cash dividend, worth about $13.3 billion. The payout is double the last special dividend of $15 in December 2023. The board also reauthorized a $4 billion buyback running through November 2030. Costco stock closed flat at $1,066 and rose 1.7% to $1,083.39 after hours. Jefferies rates the stock Buy with a $1,100 price target. Costco (COST) stock closed flat at $1,066 on Tuesday. After the bell, the retailer announced a special dividend, and the stock moved 1.7% higher to $1,083.39 in postmarket trading. Costco Wholesale Corporation, COST The board declared a special cash dividend of $30 per share. The total payout comes to about $13.3 billion. Shareholders of record at the close of business on November 24 will get paid.

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