Costco Announces $13.3B Special Dividend and CoreWeave Beats Revenue Expectations
Costco (COST) has announced a significant special cash dividend of $30 per share, totaling approximately $13.3 billion. The payout is scheduled for December 4 to shareholders of record as of November 24. Additionally, the retailer's board reauthorized a $4 billion common-stock repurchase program, signaling strong capital return intentions. In the technology sector, neocloud provider CoreWeave (CRWV) reported third-quarter revenue of $3.66 billion, more than doubling its year-over-year performance and exceeding analyst estimates. The company also raised its fiscal 2026 revenue guidance to a range of $13 billion to $13.3 billion. Meanwhile, drive-thru coffee chain 7 Brew is expanding into the food market with a new bakery lineup, intensifying competition within the beverage and snack sector against established players like Starbucks (SBUX) and Dutch Bros (BROS).
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Topics: earnings beat revenue guidance special dividend stock buyback
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