Originally Posted by Hog's Gone Fishin:
WHOLLY SHIRT!, You're wright!
It closed at 408 and it's now at 462. Oh hell yeah. I see a bigger boat on my horizon.
Yep - Now the index funds are going to be forced into purchasing a representative share of Tesla. This alone will drive the stock up for a while. I bought in early this year around $900 ($180 post split) hoping for this very thing. Just wishing I’d bought more. Oh well. [Reply]
Costco Wholesale has declared a special dividend of $10 a share.
The dividend, which will cost the retailer (ticker: COST) about $4.4 billion, will be paid to shareholders of record as of the close of business on Dec. 2. The company announced the move after the closing bell on Monday.
“This special dividend, our fourth in eight years, is our latest step to reward shareholders,” CFO Richard Galanti said Monday. “Our strong balance sheet allows us to pay this dividend, while preserving financial and operational flexibility to continue to grow our business globally.”
The stock sports a small yield of about 0.7%, compared with about 1.6% for the S&P 500. In April, the company declared a quarterly dividend of 70 cents a share, up by 5 cents, for an increase of nearly 8%--a sign of Costco’s durability during the pandemic.
Even during the recent Covid-related economic downturn, there has been much speculation about when Costco would issue its next special. It hadn’t done so since April 2017 when it declared one for $7 a share. It declared another one in early 2015 for $5 a share. And it issued one for $7 a share in 2012.
The company said that its latest special will be funded by existing cash.
For the most part, special dividends are rare. About 2% of the companies in the Russell 3000 Index have paid one this year.
RMCF was a bloodbath for me this year. It's a retailer that works mostly in tourist areas, so it got hit from multiple directions. I was pondering selling it all for a bit because I was curious if it was going to survive. But with the good vaccine news it's up about 30 percent in the last couple of weeks. I'm starting to dribble money into it in the hopes that I can make money on the way up to offset my losses. I'm a bit nervous about it, though. [Reply]
Originally Posted by Rain Man:
RMCF was a bloodbath for me this year. It's a retailer that works mostly in tourist areas, so it got hit from multiple directions. I was pondering selling it all for a bit because I was curious if it was going to survive. But with the good vaccine news it's up about 30 percent in the last couple of weeks. I'm starting to dribble money into it in the hopes that I can make money on the way up to offset my losses. I'm a bit nervous about it, though.
On a side note I saw on the National news this morning how the Cruise lines are going to try firing back up. They are using volunteer passengers to experiment with the protocols they have to make it work. [Reply]