How Costco Avoided the Fiscal Cliff

Written by Gary North on December 3, 2012

The tax rate on dividends will triple on January 1. It pays to pay out dividends this year. Costco’s Board of Directors decided to pay over $3 million in dividends this year. To pay for this, the company will borrow the money. At today’s low interest rates, that is a savvy move. The Wall Street […]

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