Costco’s Last Stock Split Was in 2000. Is Its Board Close to Another?
Costco Wholesale (NASDAQ:COST) last split its stock in January 2000. Just after the 2-for-1 split, the shares sold for about $49.
Now one share costs roughly $994 as of this writing, or about what 20 shares cost back then. Even after a dip, that’s only about 9% off the warehouse club’s all-time closing high of $1,094.32, hit in May.
Investors have noticed. An analyst asked about a split on an earnings call, shareholders asked at both of the past two annual meetings, and Costco hasn’t announced one.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.