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MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Fed's Kashkari: Rates will stay high for 'extended period', can't rule out a hike

Is the Expectation of a Special Dividend Driving Costco Stock?

Amit Singh
Is the Expectation of a Special Dividend Driving Costco Stock?

Why a special dividend could be around the corner Costco (COST) stock has generated stellar returns so far this year and is up 38.2% on a YTD basis. Despite the strong gains, Costco stock could rise further, thanks to the optimism around a special dividend. Analysts and investors are expecting Costco to announce a special dividend in 2019. Costco’s strong financial performance, reflecting industry-leading comparable sales and double-digit EPS growth has led to strong cash pile.

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