Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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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 28, 2021, we had 9,958 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 2021 (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 10—June 6, 2021	102,000	$	381.50	102,000	$	3,338
June 7—July 4, 2021	108,000	387.32		108,000	3,296
July 5—August 1, 2021	63,000	412.73		63,000	3,270
August 2—August 29, 2021	45,000	446.15		45,000	3,250
Total fourth quarter	318,000	$	398.76	318,000

(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.

Performance Graph

The following graph compares the cumulative total shareholder return (stock price appreciation and the 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 August 28, 2016, through August 29, 2021.

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
2021	20																			$	140
2020	13																	$	132	152
2019	20															$	129	138		172
2018	21													$	116	119		141		172
2017	26											$	121	142		158		176		206
2016	29									$	87	97		118		131		145		173
2015	23							$	83	85		94		112		122		136		163
2014	30					$	108	109		115		125		140		144		155		182
2013	26			$	99	109		113		116		124		137		144		158		186
2012 & Before	607	$	155	163		169		170		169		175		188		195		205		232
Totals	815	155		160		164		162		159		163		176		182		192		217
		2012		2013		2014		2015		2016		2017		2018		2019		2020		2021
		Fiscal Year
*First year sales annualized.
2017 was a 53-week fiscal year

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