Company: Costco Wholesale Corporation (COST)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given CostcoÕs frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and enjoys over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK. -Morningstar.com-
Symbol: COST
Recent Price: $831.51
Dividends: $4.64
Yield: 0.56%
Sector: Consumer Defensive
Industry: Discount Stores
Address & Company Phone #: 999 Lake Drive Issaquah WA 98027, 425-313-8100
Transfer Agent: Computershare 800-249-8982
Moody’s Rating: Aa3
Minimum & Maximum Investment: $25 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $250
Fees: Div.: < 100 Sh. $0! >100 Sh. 5% of amount invested up to $3 Max Cash: $5+3¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+12¢/sh.
52 Week High & Low: $873.96, $524.63