Costco's strong sales growth and the potential for a record special dividend make the stock a focal point for investors ahead of its upcoming fiscal Q4 earnings call.
Costco's strong sales growth and a likely record special dividend before year-end make the stock attractive ahead of its fiscal Q4 earnings report.
Costco Wholesale prepares for its fiscal fourth-quarter earnings release on September 24 following an 11.3% surge in net sales to $93.9 billion. Investors are closely monitoring the retailer for signs of a potential record special dividend, as historical patterns suggest a major payout is due before the end of the year.
Costco has a history of issuing special dividends every two to three years, with the last major payout occurring in December 2023. Given this cycle, analysts anticipate another significant distribution before the end of 2024.