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COST - Costco Wholesale News Story

$384.42 4.9  1.3%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £120.69bn
Enterprise Value £119.86bn
Revenue £126.72bn
Position in Universe 63rd / 6846

Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend

Wed 14th April, 2021 9:15pm
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ISSAQUAH, Wash., April 14, 2021 (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 and approved a quarterly increase from 70 to 79 cents per share,
or $3.16 on an annualized basis. The dividend is payable May 14, 2021, to
shareholders of record at the close of business on April 30, 2021.

Costco currently operates 808 warehouses, including 559 in the United States
and Puerto Rico, 105 in Canada, 39 in Mexico, 29 in the United Kingdom, 28 in
Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one
each in Iceland, France, and China. 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, 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), the ability to maintain effective internal control over
financial reporting, 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 away from discretionary or higher-priced products, reduced
workforces due to illness, quarantine, or government mandates, temporary store
closures due to reduced workforces or 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      

                 




GlobeNewswire, Inc. 2021
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