Costco Wholesale Corporation Announces an Increase In Its Quarterly Cash Dividend
13 April 2022 - 10:15PM
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 79 to 90 cents per share, $3.60 on an
annualized basis. The dividend is payable May 13, 2022, to
shareholders of record at the close of business on April 29, 2022.
Costco currently operates 829 warehouses,
including 573 in the United States and Puerto Rico, 105 in Canada,
40 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in Korea,
14 in Taiwan, 13 in Australia, four in Spain, two each in France
and China, and one in Iceland. 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,
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), energy and
certain commodities, geopolitical conditions (including tariffs and
the Ukraine conflict), the ability to maintain effective internal
control over financial reporting, regulatory and other impacts
related to climate change, and COVID-19 related factors and
challenges, including (among others) the duration of the pandemic,
the unknown long-term economic impact, reduced shopping due to
illness, travel restrictions or financial hardship, shifts in
demand for products, reduced workforces due to illness, quarantine,
or government mandates, temporary store closures or operational
limitations due to government mandates, or supply-chain
disruptions, capacity constraints of third-party logistics
suppliers, 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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