Costco Wholesale Announces Record Special Dividend of $30 Per Share
COST Costco Wholesale Corp
$1106.21 +1.28%
View chart & analysis → - 1Costco Wholesale announced a total special dividend of $13.3 billion to be paid on December 4.
- 2A special dividend of $30 per share will be paid, representing a 2.8% special dividend yield based on Costco's closing price on November 10.
- 3Due to high valuation, Costco stock appears more suitable for holding rather than buying.
So what's the key point?
Costco Wholesale has decided to give a $30 bonus for each share of stock. Since the stock price is somewhat expensive compared to its earnings, it looks better to hold the stock rather than buying new shares.
Source The Motley Fool · View original ↗
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