UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events
The Board of Directors declared a quarterly cash dividend on the Company’s common stock. The dividend of 70 cents per share declared on July 15, 2020, is payable August 14, 2020, to shareholders of record at the close of business on July 31, 2020.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits. The following exhibit is included in this report:
99.1. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized, on July 16, 2020.
COSTCO WHOLESALE CORPORATION | ||
By:
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/s/ Richard A. Galanti | |
Richard A. Galanti | ||
Executive Vice President and Chief Financial Officer |
2
Exhibit 99.1
Press Release
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COSTCO WHOLESALE CORPORATION ANNOUNCES
QUARTERLY CASH DIVIDEND
ISSAQUAH, Wash., July 15, 2020 - Costco Wholesale Corporation (Costco or the Company) (Nasdaq: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of 70 cents per share. The quarterly dividend is payable August 14, 2020, to shareholders of record at the close of business on July 31, 2020.
Costco currently operates 788 warehouses, including 548 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, two in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as anticipate, believe, continue, could, estimate, expect, intend, likely, may, might, plan, potential, predict, project, seek, should, target, will, would, or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, COVID-19 related factors and challenges, including (among others) the duration of the pandemic, the unknown long-term economic impact, reduced shopping due to illness, travel restrictions or financial hardship, shifts in demand away from discretionary or higher-priced products, reduced workforce due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, and other risks identified from time to time in the Companys public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law.
CONTACTS: | Costco Wholesale Corporation Richard Galanti, 425/313-8203 Bob Nelson, 425/313-8255 David Sherwood, 425/313-8239 Josh Dahmen, 425/313-8254 |
Document and Entity Information |
Jul. 15, 2020 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | COSTCO WHOLESALE CORP /NEW |
Amendment Flag | false |
Entity Central Index Key | 0000909832 |
Document Type | 8-K |
Document Period End Date | Jul. 15, 2020 |
Entity Incorporation State Country Code | WA |
Entity File Number | 0-20355 |
Entity Tax Identification Number | 91-1223280 |
Entity Address, Address Line One | 999 Lake Drive |
Entity Address, City or Town | Issaquah |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98027 |
City Area Code | 425 |
Local Phone Number | 313-8100 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, par value $.01 per share |
Trading Symbol | COST |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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