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NEW YORK (TheStreet) -- TheStreet's Jim Cramer took a closer look at Costco Wholesale (COST - Get Report) on CNBC's "Stop Trading" segment. Costco shares are higher by 1.5% in late morning trading Friday following the company's announcement of a special dividend.
The $5 per share dividend will be paid on Feb. 27 for those who hold shares on Feb. 9.
This just goes to show that the consumer is stronger than investors think, said Cramer, the co-manager of the Action Alerts PLUS portfolio.
Cramer speculated that Google (GOOGL - Get Report) (GOOG - Get Report) , which currently pays no dividend, could entertain a similar capital return plan for shareholders some time in the next 12 months.
Google currently holds $64.4 billion in cash.
- - Written by Bret Kenwell