Folks in the U.S. will, in one form or another, be celebrating and giving thanks as part of the Thanksgiving holiday. This year they will be joined by shareholders of Costco Wholesale (COST) given the company’s recently announced $10 per share special dividend that will be paid on December 11 to shareholders of record on December 2. Like special dividends announced by other companies, this $10 per share one is in addition to Costco’s current quarterly dividend of $0.70 per share. Before I share why there is good reason why Costco will continue to increase its quarterly dividend, let’s first put some context around why this special dividend is so special.
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