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 27, 2022, we had 10,279 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 2022 (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 9—June 5, 2022 98,000 $ 463.77 98,000 $ 2,947
June 6—July 3, 2022 98,000 467.53 98,000 2,901
July 4—July 31, 2022 89,000 512.08 89,000 2,856
August 1—August 28, 2022 88,000 545.08 88,000 2,808
Total fourth quarter 373,000 $ 495.49 373,000
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(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.
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Performance Graph
The following graph compares the cumulative total shareholder return assuming 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 September 3, 2017, through August 28, 2022.
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
2022 23 $ 150
2021 20 $ 140 158
2020 13 $ 132 152 184
2019 20 $ 129 138 172 208
2018 21 $ 116 119 141 172 202
2017 26 $ 121 142 158 176 206 237
2016 29 $ 87 97 118 131 145 173 204
2015 23 $ 83 85 94 112 122 136 163 189
2014 30 $ 108 109 115 125 140 144 155 182 208
2013 & Before 633 $ 160 167 168 167 173 186 193 203 230 261
Totals 838 160 164 162 159 163 176 182 192 217 245
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Fiscal Year
*First year sales annualized.
2017 was a 53-week fiscal year but it has been normalized for purposes of comparability
Item 6—Reserved
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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.