Costco to Pay out $30 Special Dividend, Renews $4 Billion Stock Buyback Program

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Costco Wholesale will pay a $30 special dividend and is renewing its $4 billion stock buyback program. The wholesale retailer on Tuesday said it will pay out a total of $13.3…

Costco Wholesale will pay a $30 special dividend and is renewing its $4 billion stock buyback program.

The wholesale retailer on Tuesday said it will pay out a total of $13.3 billion through the special dividend, which is payable Dec. 4 to shareholders of record as of Nov. 24.

Costco also said its board authorized a $4 billion stock buyback program, set to expire in November 2030. The new program replaces a previous $4 billion authorization set to expire in January, under which $3.1 billion of shares were purchased, Costco said.

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