Costco Wholesale says it will pay shareholders a special dividend totaling $3 billion and will borrow $3.5 billion to do so. The retailer is taking advantage of low borrowing rates and is one of 173 companies planning a special dividend this month, presumably on the belief that dividend tax will increase in 2013. Last year at this time, there were 72 such companies.
Costco will borrow for shareholder dividend
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