Costco to Spend $3 Billion on Special $7 Dividend - WSJ.com
From the article,
"The big-box discounter said it would pay its stockholders a one-time dividend of $7 a share on Dec. 18. The same day, it priced new three-, five- and seven-year notes that will be used to pay the dividend, all at rates of 1.7% and below.The dividend would have consumed much of Costco's available cash. The company had $4.9 billion in cash on Sept. 2, but about $2 billion of that was held overseas, where Costco wants to keep it due to tax considerations and expansion opportunities."
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