Costco's Last Stock Split Was in 2000. Is Its Board Close to Another?

Costco's stock price has reached ~$994 per share since its last 2-for-1 split in January 2000, prompting investor questions about another split. However, CEO Ron Vachris and CFO Gary Millerchip have repeatedly stated there are no immediate plans, citing that fractional share purchases now make splits less economically necessary. The company continues to review the possibility with its board, but the author believes a split is unlikely in the near term and suggests a special dividend would be more beneficial to shareholders.