Costco Declares Quarterly Cash Dividend of $1.16 Per Share

Costco declares a quarterly cash dividend of $1.16 per share, payable on February 21, 2025.

Quiver AI Summary

Costco Wholesale Corporation announced that its Board of Directors has declared a quarterly cash dividend of $1.16 per share, payable on February 21, 2025, to shareholders of record as of February 7, 2025. As of now, Costco operates 897 warehouses across various countries, including 617 in the United States and Puerto Rico, and also runs multiple e-commerce sites in several markets. The press release includes cautionary forward-looking statements regarding potential future risks and uncertainties that may affect the company’s performance, highlighting factors such as economic conditions, competition, regulatory issues, and operational challenges.

Potential Positives

• The Board of Directors declared a quarterly cash dividend of $1.16 per share, showing strong financial health and commitment to returning value to shareholders.
• The dividend payment is scheduled for February 21, 2025, indicating timely and consistent shareholder rewards.
• The company continues to expand its global footprint with 897 warehouses in multiple countries, showcasing significant market presence and growth potential.

Potential Negatives

• The press release highlights multiple risks and uncertainties that may affect Costco's future performance, including economic conditions, competition, regulatory impacts, and consumer spending patterns, which may signal potential challenges ahead.
• The extensive list of risks suggests that the company may be facing significant operational challenges, which could affect investor confidence and stock performance.

FAQ

What is the amount of Costco's declared quarterly cash dividend?

Costco has declared a quarterly cash dividend of $1.16 per share on its common stock.

When will Costco's cash dividend be payable?

The quarterly cash dividend will be payable on February 21, 2025.

What is the record date for Costco's dividend payment?

The record date for shareholders to receive the dividend is February 7, 2025.

How many warehouses does Costco currently operate worldwide?

Costco currently operates a total of 897 warehouses around the world.

In which countries does Costco operate e-commerce sites?

Costco operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$COST Congressional Stock Trading

Members of Congress have traded $COST stock 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $COST stock by members of Congress over the last 6 months:

• REPRESENTATIVE JAMES COMER has traded it 2 times. They made 2 purchases worth up to $30,000 on 01/02 and 0 sales.
• REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 11/25, 10/04 and 0 sales.
• REPRESENTATIVE SCOTT FRANKLIN has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 08/06, 08/01.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$COST Insider Trading Activity

$COST insiders have traded $COST stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

Here’s a breakdown of recent trading of $COST stock by insiders over the last 6 months:

• RUSSELL D MILLER (Sr. Executive Vice President) sold 4,400 shares for an estimated $3,921,068
• CLAUDINE ADAMO (Executive Vice President) sold 3,200 shares for an estimated $2,844,777
• PATRICK J CALLANS (Executive Vice President) sold 2,500 shares for an estimated $2,234,850
• RICHARD A GALANTI (Executive Vice President) has made 0 purchases and 3 sales selling 2,416 shares for an estimated $2,136,242.
• PIERRE RIEL (Executive Vice President) sold 2,000 shares for an estimated $1,793,426
• CATON FRATES (Executive Vice President) sold 1,700 shares for an estimated $1,501,695
• TERESA A. JONES (Executive Vice President) has made 0 purchases and 2 sales selling 804 shares for an estimated $720,566.
• SUSAN L DECKER sold 620 shares for an estimated $543,430

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$COST Hedge Fund Activity

We have seen 1,581 institutional investors add shares of $COST stock to their portfolio, and 1,529 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC removed 7,362,123 shares (-99.9%) from their portfolio in Q4 2024, for an estimated $6,745,692,441
• WULFF, HANSEN & CO. removed 1,472,533 shares (-99.9%) from their portfolio in Q3 2024, for an estimated $1,305,429,955
• WELLINGTON MANAGEMENT GROUP LLP removed 867,704 shares (-83.9%) from their portfolio in Q3 2024, for an estimated $769,236,950
• STRATEGIC FINANCIAL CONCEPTS, LLC removed 618,786 shares (-99.9%) from their portfolio in Q3 2024, for an estimated $548,566,164
• INVESCO LTD. added 599,540 shares (+19.5%) to their portfolio in Q3 2024, for an estimated $531,504,200
• STATE STREET CORP removed 586,023 shares (-3.1%) from their portfolio in Q3 2024, for an estimated $519,521,109
• MARSHALL WACE, LLP removed 570,384 shares (-99.7%) from their portfolio in Q3 2024, for an estimated $505,656,823

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ISSAQUAH, Wash., Jan. 23, 2025 (GLOBE NEWSWIRE) -- 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 of $1.16 per share. The quarterly dividend is payable February 21, 2025, to shareholders of record at the close of business on February 7, 2025.

Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., 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, inflation or deflation, 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 and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, 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. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.