Costco Wholesale Corporation COST has reinforced its commitment to shareholder returns by announcing a special cash dividend of $30 per share and renewing its stock repurchase authorization. These moves underscore the retailer's financial strength and capital allocation strategy, potentially boosting investor confidence. Costco declared a special dividend totaling approximately $13.3 billion, payable on Dec. 4 to shareholders of record as of Nov. 24. The substantial distribution highlights the company's ability to return accumulated cash directly to investors, reflecting its strong liquidity position. Alongside the dividend, Costco's board reauthorized a common-stock repurchase program of up to $4 billion, expiring in November 2030.
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