Investors have been anticipating another special dividend from Costco for a while. Costco gave a special dividend in 2013, 2015 and 2017, so investors are anxiously awaiting one just like a kid waits for Santa Claus.
The concept that we were all taught in finance classes and business school was that the primary corporate objective should be to "Maximize shareholder value". While the concept has fallen from the cardinal rule to just one of many competing goals, it is still important. Like many aspects of our
