Costco Board Oks 3-For-2 Stock Split

KIRKLAND

Costco Wholesale, whose stock has been the Northwest's best performer over the past four years, says its board has authorized a 3-for-2 stock split.

That means for every two shares a holder has, a third will be received. Payment will be March 6 to shareholders as of Feb. 21. Costco, which went public in late 1985, did not execute its first stock split until last spring, when it declared a 2-for-1 split. For the four years ended Dec. 31, Costco stock rose 1,272 percent.