Costco 2012 Annual Report Download - page 25

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MARKET FOR COSTCO COMMON STOCK
Market Information and Dividend Policy
Our common stock is traded on the NASDAQ Global Select Market under the symbol “COST.” On
October 5, 2012, we had 8,154 stockholders of record.
The following table shows the quarterly high and low closing sale prices as reported by NASDAQ for
each quarter during the last two fiscal years and the quarterly cash dividend declared per share of our
common stock.
Price Range Cash
Dividends
DeclaredHigh Low
2012:
Fourth Quarter ........................................... $98.59 $82.62 $0.550(1)
Third Quarter ............................................. 91.84 83.24 —(2)
Second Quarter ........................................... 88.06 79.01 0.240
First Quarter ............................................. 85.30 77.79 0.240
2011:
Fourth Quarter ........................................... 83.86 70.39 0.240
Third Quarter ............................................. 81.46 69.76 0.240
Second Quarter ........................................... 75.04 66.90 0.205
First Quarter ............................................. 67.02 56.07 0.205
(1) Our current quarterly dividend rate is $0.275 per share. The amount shown includes the dividend declared on May 9, 2012,
in addition to the fourth quarter dividend declared on July 23, 2012. See footnote 2.
(2) On May 9, 2012, subsequent to the end of the third quarter of fiscal 2012, the Board of Directors declared a quarterly cash
dividend of $0.275 per share.
Payment of future dividends is subject to declaration by the Board of Directors. Factors considered in
determining dividends are our profitability and expected capital needs. Subject to these qualifications,
we presently expect to continue to pay dividends on a quarterly basis.
Issuer Purchases of Equity Securities
The following table sets forth information on our common stock repurchase program activity for the
17-week fourth quarter of fiscal 2012 (dollars in millions, except per share data):
Period(3)
Total
Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Program(4)
Maximum Dollar
Value of Shares
that May Yet be
Purchased Under
the Program(4)
May 7 – June 3, 2012 .................... 950,000 $84.32 950,000 $3,178
June 4 – July 1, 2012 .................... 400,000 89.54 400,000 $3,142
July 2 – July 29, 2012 .................... 180,000 94.20 180,000 $3,125
July 30 – September 2, 2012 .............. 373,000 95.87 373,000 $3,089
Total fourth quarter .................. 1,903,000 $88.61 1,903,000
(3) Monthly information is presented by reference to our fiscal periods during the fourth quarter of fiscal 2012.
(4) Our stock repurchase program is conducted under a $4,000 authorization of our Board of Directors approved in April 2011,
which expires in April 2015.
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