12:45 pm Costco Trades Up After Special Dividend Announcement
Retail warehouse company Costco (COST 142.28, +1.64) is trading up by about 1.2% today following the company's announcement that it would be giving a special cash dividend on common stock of $5.00 per share. The special dividend will be paid on Feb. 27, 2015.
If you're not familiar, Costco is the product of a merger with another warehouse chain, Price Club, and now has operations in the UK, Australia, Canada, Mexico, Taiwan, South Korea, Japan, Spain, and the US. The majority of stores are in the US and Canada.