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Costco to pay special $5 dividend
Issaquah, Wash. -- Costco Wholesale Corp. has declared a special one-time dividend of $5 per share that will result in approximately $2.2 billion being returned to shareholders.
In its mostly recently reported quarter, Costco posted a 17% increase in profits, driven by lower gasoline prices and strong growth in store sales and membership fees.
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RetailNext: ‘Juno’ slams Northeast retailers
San Jose, Calif. – Homeowners stuck shoveling out more than two feet of snow were not the only ones in the Northeast negatively impacted by winter storm Juno the week of Jan. 26. Analysis from RetailNext shows that between Monday, Jan. 26 and Wednesday, Jan. 28, 2015, store traffic at Northeast retailers dropped 35.6% from the same three-day period the prior year.

