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Costco (COST) same-store sales +6% Y/Y in November vs consensus of +5.4%, helped by higher...

Costco (COST) same-store sales +6% Y/Y in November vs consensus of +5.4%, helped by higher gasoline prices and the weakness of the dollar. Excluding the impact of fuel and forex, sales +5%. Overall net sales +9% to $8.15B. To pay special dividend of $3B, or $7/share. For shareholders of record Dec 10. Payable Dec 18. (PR)
Comments (7)
  • jeezuz30
    , contributor
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    Is this worth getting into for the special dividend? Seems like a good dividend growth stock, though in it's infancy.
    28 Nov 2012, 07:46 AM Reply Like
  • Momintn
    , contributor
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    It's already up $4.50 so I'm not buying it. You may want to buy on a dip. The stock will be reduced on the ex-dividend date by the amount of the dividend and there may be a lot of sellers then.
    28 Nov 2012, 11:41 AM Reply Like
  • A Newell
    , contributor
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    wow, $7??? will this depress the stock value at all?
    28 Nov 2012, 12:36 PM Reply Like
  • Momintn
    , contributor
    Comments (3680) | Send Message
     
    Depends on if people buy it on the ex-dividend date. The stock price will be reduced by $7 on that day by the exchanges.
    1 Dec 2012, 09:12 AM Reply Like
  • Hillbilly Stock Star
    , contributor
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    COST is 2% of VDC & may see year end divy boost.
    28 Nov 2012, 01:10 PM Reply Like
  • FleetUSA3226
    , contributor
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    My guess this is a "financial cliff" manoeuvre to beat the US out of some shekels. Probably going forward COST will keep the dividend flat or have smaller increases than they might otherwise have.
    28 Nov 2012, 03:36 PM Reply Like
  • Momintn
    , contributor
    Comments (3680) | Send Message
     
    Costco has many people on Wall Street who own the shares. The question someone needs to ask is are they going to sell their shares after they collect the special dividend?
    1 Dec 2012, 09:14 AM Reply Like
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