Costco will spend $3 billion to pay a special dividend of $7
per share next month ahead of higher tax rates that may kick in come January,
HuffPo writes.
The Issaquah, Wash., company said Wednesday that the special
dividend will be payable Dec. 18 to shareholders of record Dec. 10. In
addition, Costco Wholesale Corp. will pay its regular quarterly dividend of
27.5 cents per share on Nov. 30 to shareholders of record as of Nov. 16…..
Newsflash for readers who’ve been hiding under a rock (you know who you are): Many
companies are making special end-of-year dividend payments or moving up their
quarterly payouts because investors will have to pay higher taxes on dividend
income starting in 2013, unless Congress and President Barack Obama reach a
compromise on taxes and government spending....
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