Costco shares are trading higher in after-hours activity following the company's announcement on November 10 that it will return approximately $13.3 billion to shareholders through a special cash dividend of $30 per share.
This significant capital return program serves as the primary catalyst for the move, overshadowing recent positive sentiment regarding the company's 22.5% year-over-year growth in digital sales and its robust membership renewal rates. While the stock has faced some scrutiny regarding its valuation at 46x forward earnin