Costco announces reauthorization of stock repurchase program of up to $4B

Costco Wholesale Corporation announced that its Board of Directors has reauthorized a common stock repurchase program of up to $4B. This program will expire in January 2027 and replaces the current $4B program, under which approximately $1.4B had been purchased. The Board of Directors also declared a quarterly cash dividend on Costco common stock of 90c per share. The dividend is payable February 17, 2023, to shareholders of record at the close of business on February 3, 2023.