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17.04.2015 23:15:40
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Costco Reauthorizes Stock Repurchase Of $4 Bln; Lifts Quarterly Dividend
(RTTNews) - Warehouse operator Costco Wholesale Corp (COST) on Friday said it has reauthorized a common stock repurchase program of up to $4 billion. The program expires in April 2019 and replaces the current program under which about $2.5 billion remains unused.
The company also said its board declared a quarterly cash dividend and approved a quarterly increase from $.355 to $.40 per share, or $1.60 per share on an annualized basis.
Costco currently operates 672 warehouses, mainly in the United States, and also operates electronic commerce web sites.
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