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00:02Costco announced plans Tuesday to return roughly $13.3 billion to shareholders through a special
00:09cash dividend of $30 per share, according to Benzinga. The dividend will be paid December
00:154th to shareholders of record as of November 24th. The payout doubles Costco's $15 special
00:22dividend issued in January 2024, which totaled about $6.7 billion. Costco previously paid
00:29special dividends in 2012, 2015, 201, and 2020. The retailer also reauthorized a stock repurchase
00:38program of up to $4 billion through November 2030. The new program replaces a 2023 authorization under
00:45which Costco repurchased $3.1 billion in shares. Shares rose 1.65% to $1,083.73 in after-hours
00:56trading Tuesday, according to Benzinga Pro. For all things money, visit Benzinga.com.
