Item 5. Market for Registrant’s Common Equity
Item 5—Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information and Dividend Policy
Our common stock is traded on the NASDAQ Global Select Market under the symbol “COST.” On September 28, 2021, we had 9,958 stockholders of record.
Payment of dividends is subject to declaration by the Board of Directors. Factors considered in determining dividends include our profitability and expected capital needs. Subject to these qualifications, we presently expect to continue to pay dividends on a quarterly basis.
Issuer Purchases of Equity Securities
The following table sets forth information on our common stock repurchase activity for the fourth quarter of 2021 (dollars in millions, except per share data):
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program (1)
Maximum Dollar Value of Shares that May Yet be Purchased under the Program
May 10—June 6, 2021 102,000 $ 381.50 102,000 $ 3,338
June 7—July 4, 2021 108,000 387.32 108,000 3,296
July 5—August 1, 2021 63,000 412.73 63,000 3,270
August 2—August 29, 2021 45,000 446.15 45,000 3,250
Total fourth quarter 318,000 $ 398.76 318,000
_______________
(1) The repurchase program is conducted under a $4,000 authorization approved by our Board of Directors in April 2019, which expires in April 2023.
20
Table of Contents
Performance Graph
The following graph compares the cumulative total shareholder return (stock price appreciation and the reinvestment of dividends) on an investment of $100 in Costco common stock, S&P 500 Index, and the S&P 500 Retail Index over the five years from August 28, 2016, through August 29, 2021.
The following graph provides information concerning average sales per warehouse over a 10 year period.
Average Sales Per Warehouse*
(Sales In Millions)
Year Opened # of Whses
2021 20 $ 140
2020 13 $ 132 152
2019 20 $ 129 138 172
2018 21 $ 116 119 141 172
2017 26 $ 121 142 158 176 206
2016 29 $ 87 97 118 131 145 173
2015 23 $ 83 85 94 112 122 136 163
2014 30 $ 108 109 115 125 140 144 155 182
2013 26 $ 99 109 113 116 124 137 144 158 186
2012 & Before 607 $ 155 163 169 170 169 175 188 195 205 232
Totals 815 155 160 164 162 159 163 176 182 192 217
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Fiscal Year
*First year sales annualized.
2017 was a 53-week fiscal year
Item 6—Reserved
21
Table of Contents
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.