NEW YORK | Tue 5: 40 pm EDT on April 26, 2011
NEW YORK (Reuters) - Costco Wholesale Corp. (cost).(O) extended its share buyback of quota licence and raised its dividend by 17 percent on Tuesday, sending shares of the retailer by 0.8 per cent in trade night.
The warehouse club operator said that its Board of Directors adopted a programme of repurchase of up to 4 million dollars, which will replace the existing programme which had authorisation without using remaining some 800 million dollars.
This new program will expire in April 2015.
Costco Board also raised its quarterly dividend to 24 cents per share, payable on May 27 to shareholders of record on May 13, of 20.5 cents per share.
Costco shares amounted to $80.40 after the announcement of share buyback of shares and dividends of its closure in $79.78 on the Nasdaq.
(Reporting by martinne Geller;) (Edited by Gary hill)
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