Costco to pay pleasant Costco big, The factory merchant processing, black friday sales paper Announced Wednesday that it's going to pay a special $3 billion dividend before year's end, Saving investors from a big bite should taxes rise occupied fiscal cliff.
Business said the $7 a share payment can be done due to its strong balance sheet and its good access to capital. The payment will be let alone regular 27.5 cent a share dividend that is usually to be paid on Nov. sale in black friday 30. The special results is without question paid Dec. 18 to speculators of record on Dec. 10. That will enable investors online shopping black friday to pay reduced 15% tax rate currently in effect on dividends. With taxes set to raise on Jan. 1 included in the fiscal cliff, The rate paid on the dividend could more than double for many great living people. Numerous businessmen, Most notable Costco rival Wal Mart Stores(WMT), Have moved dividend geneva chamonix coach moves normally made in January into December. In Wal Mart's problem, It was the totally normal results being moved, Not quotation indicates dividend being added. Shows of Costco(Costing) Was up 4.
7% in premarket trading in news programs. Convenient: Record Black Friday blowing Thing also announced strong sales on black friday sales for November and the just completed quarter, Periods that included the Black Friday weekend that commences the vacation shopping period.
Prev: what goes on sale on black friday
Next: shopping on black friday