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Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend
ISSAQUAH, WA, Apr 22, 2010 (MARKETWIRE via COMTEX) --Costco Wholesale Corporation (NASDAQ: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco Wholesale common stock and approved a quarterly increase from $.18 to $.205 per share, or $.82 per share on an annualized basis. The dividend of $.205 per share is payable May 21, 2010, to shareholders of record at the close of business on May 7, 2010.
Costco currently operates 567 warehouses, including 414 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open an additional five to six new warehouses prior to the end of its 2010 fiscal year on August 29, 2010.
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. 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, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
Costco Wholesale Corporation
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255
Jeff Elliott, 425/313-8264