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Costco Wholesale Corporation (NASDAQ:COST) announced that its board reauthorized a common stock repurchase program of up to $4B. The buyback program will expire in January of 2027 and replaces the current $4B program set to expire this April, under which approximately $1.4B had been purchased.
The board also declared a quarterly cash dividend on Costco common stock of $0.90 per share for a yield of about 0.75%.
Shares of Costco (COST) moved up 1.15% in afterhours trading on Thursday. Costco (COST) soared earlier in the month after reporting strong sales for December. The update on January sales is due out in about two weeks.
Dig into Costco’s dividend history and dividend grades.
Image and article originally from seekingalpha.com. Read the original article here.