🚨 $COST just announced a $30 special dividend! That’s about 142% of the free cash flow Costco generated in its latest fiscal year. Costco ended that year with $21.3 billion in cash and short-term investments. The special dividend alone is almost $4 billion more than it generated in free cash flow for the full year. Once it’s paid, Costco will have distributed $35.71 per share over 12 months. At roughly $1,066 per share, that’s a 3.35% trailing yield. The regular dividend yields about 0.55%.
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