Costco sets first quarterly dividend

Costco Wholesale Corp. on Wednesday declared an initial quarterly dividend of 10 cents per share.

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The largest U.S. warehouse club operator, based in Issaquah, Washington, said it expects its quarterly dividends to total 40 cents a share annually.

For Subscribers

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FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

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FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

"We are pleased to be able to return capital to our shareholders and to do so while we continue aggressively to pursue the opening of new locations," said Jim Sinegal, Costco president and chief executive officer, in a release.

The first dividend is payable May 31 to shareholders of record on May 10. Costco operates 433 warehouse stores.