Costco Wholesale Corporation has declared a quarterly cash dividend on Costco common stock of $1.02 per share, payable on February 16, 2024, to shareholders of record at the close of business on February 2, 2024. The company currently operates 872 warehouses across various countries and also runs e-commerce sites in several regions.
In light of this announcement, the company's shares have experienced a marginal movement, decreasing by -0.4% and are currently trading at a price of $692.51.
Costco's management expressed optimism about the company's performance and outlook. According to the CEO, "The declaration of this quarterly cash dividend reflects our ongoing commitment to delivering value to our shareholders and our confidence in the long-term strength of our business."
Additionally, the company's full 8-K submission is available here.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $141,576 | $152,703 | $166,761 | $87,977 | $102,267 | $242,290 |
| Revenue Growth | n/a | 7.86% | 9.21% | -47.24% | 16.24% | 136.92% |
| Operating Margins | 3% | 3% | 3% | 3% | 3% | 3% |
| Net Margins | 2% | 2% | 2% | 2% | 3% | 3% |
| Net Income (MM) | $3,134 | $3,659 | $4,002 | $2,117 | $2,623 | $6,292 |
| Net Interest Expense (MM) | $159 | $150 | $160 | $79 | $75 | -$160 |
| Depreciation & Amort. (MM) | $679 | $683 | $1,645 | $2,601 | $2,768 | $2,077 |
| Earnings Per Share | $7.09 | $8.26 | $9.02 | $4.76 | $5.9 | $14.16 |
| EPS Growth | n/a | 16.5% | 9.2% | -47.23% | 23.95% | 140.0% |
| Diluted Shares (MM) | 443 | 444 | 444 | 445 | 445 | 444 |
| Free Cash Flow (MM) | $6,561 | $6,997 | $8,772 | $6,589 | $5,382 | $6,745 |
| Capital Expenditures (MM) | $1,328 | $1,317 | $2,810 | $5,054 | $5,669 | $4,323 |
| Current Ratio | 1.02 | 1.01 | 0.98 | 1.02 | 1.03 | 1.09 |
| Total Debt (MM) | $13,001 | $11,957 | $15,186 | $14,196 | $13,102 | $10,754 |
| Net Debt / EBITDA | 1.21 | 0.54 | 0.23 | 0.27 | 0.36 | -0.61 |
