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Costco declares quarterly dividend of 35.5 cents per share
31
Oct '14
Costco Wholesale Corporation, an American warehouse club that provides a wide selection of merchandise, has announced that the Company’s Board of Directors has declared a quarterly cash dividend on Costco common stock of 35.5 cents per share. The quarterly dividend is payable on the 28th of November, 2014, to shareholders of record at the close of business on the 14th of November, 2014.

According to reports, the net sales of Costco Wholesale Corporation for the fourth fiscal quarter ending August 31, 2013 at NASDAQ-listed Costco Wholesale Corporation totalled to US$ 34.75 billion, up 9% from $31.77 billion in fiscal year ending August 31, 2013. Net sales for the full fiscal year ending August 31, 2014 amounted to $110.21 billion, also up 7% from $102.87 billion in previous fiscal year.

Costco Wholesale Corporation said net income last year was positively impacted by a $62 million or $0.14 per diluted share tax benefit in connection with the portion of the special cash dividend paid in December 2012 to the Company 401(k) plan participants.

Costco currently operates 665 warehouses, including 470 in the United States and Puerto Rico, 88 in Canada, 33 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and one in Spain. The Company plans to open up to an additional six new warehouses before the end of calendar year 2014. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico. (GK)

Fibre2fashion News Desk - India

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