Even If Costco Doesn't Pay a $10 or $15 Special Dividend in 2027, I'd Still Buy the Stock

Costco is a compelling long-term investment regardless of whether it pays a special dividend in 2027. The warehouse retailer demonstrates strong fundamentals including nearly 90% membership renewal rates, growing customer base (84.1 million paid members), expanding store count (939 stores in fiscal 2026, targeting 967 in fiscal 2027), and a loyal customer base driven by bulk pricing and private-label Kirkland Signature brand. With $20.2 billion in cash on hand, a special dividend remains possible but is not necessary to justify ownership.