Costco says it will pay shareholders a special dividend of $7 per share next month in addition to the wholesale club operator's regular quarterly dividend.
The Issaquah, Wash., company says the dividend will be payable Dec. 18 to shareholders of record Dec. 10. Costco Wholesale Corp.'s regular quarterly dividend of 27.5 cents per share will be paid Nov. 30 to shareholders of record as of Nov. 16.
Many companies are adjusting their dividend payouts because investors may have to pay higher taxes next year.
Investors have paid a maximum 15 percent on dividends since 2003. But that historically low rate will expire in January unless Congress and President Barack Obama reach a compromise on taxes and government spending.
Costco's shares rose $4.49, or 4.7 percent, to $101 in premarket trading.
Man Dies Attempting Appendix Carry Reholster In Milkwaukee - Bearing Arms - appendix carry, Milwaukee, Negligent Discharge, Timothy Phonisay, Wisconsin
Kanye West announces he is running for president in 2020 #VMAs [vine]
Small But Honest Columnist Again Forced to Correct Highest-Rated Show on Cable TV | Human Events
Bill Gunderson - TJX: Still Executing to the Max
S. E. Cupp - Blame Liberals for the Rise of Trump
WaPo editorial writer about to become very unpopular with #BlackLivesMatter - Hot Air
Mt. McKinley Is Still There | RedState