SOURCE: Costco

October 07, 2010 17:45 ET

Costco Wholesale Corporation Announces a Quarterly Cash Dividend

ISSAQUAH, WA--(Marketwire - October 7, 2010) - Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced that its Board of Directors declared a quarterly cash dividend on Costco Wholesale common stock. The dividend of $.205 per share is payable November 12, 2010, to shareholders of record at the close of business on October 29, 2010.

Costco currently operates 573 warehouses, including 417 in the United States and Puerto Rico, 79 in Canada, 22 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at and at in Canada. The Company plans to open up to nine additional warehouses in the next three months of fiscal 2011, prior to the end of calendar year 2010.

Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.

Contact Information

    Costco Wholesale Corporation
    Richard Galanti
    Bob Nelson
    Jeff Elliott