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Costco Announces Special Dividend and $4 billion Share Repurchase Plan

CNBC · ·by G4L

COST Costco Wholesale Corp
$1087.61 +2.01%
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  1. 1Costco will pay a special dividend of $30 per share.
  2. 2Costco announced a $4 billion share repurchase plan.
  3. 3Deutsche Bank analyzed that this dividend provides a basis for justifying Costco's high P/E ratio.

So what's the key point?

Costco decided to distribute money to shareholders and buy back its own stock. Deutsche Bank analyzed that this decision explains the current high stock price.

Source CNBC · View original ↗

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