Costco hits all-time high amid $4 billion buyback and special dividend
FROM THE WIRE · FINANCE.YAHOO.COM
There is something almost quaint about a company that keeps a pile of cash until it becomes conspicuous, then hands it back in one gesture. Costco has now done it six times in fourteen years. On November 10th, the board declared the largest of them: a $30 per share special cash…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA roughly $13.3 billion special dividend and new buyback are relevant to the stock ahead of earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The board declared a $30 per share special dividend, roughly $13.3 billion.
- 02A $4 billion share repurchase program was reauthorized through November 2030.
- 03Costco reports fiscal first-quarter results after the close on December 10th.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets