PriceSmart, Inc. (PSMT), operator of 54 warehouse clubs in 12 countries and one U.S. territory, Friday announced an 8.6% increase to its annual dividend.
The company's Board of Directors declared an annual cash dividend in the total amount of $1.26 per share, with $0.63 per share payable on February 28, 2025, to stockholders of record as of February 18, 2025, and $0.63 per share payable on August 29, 2025, to stockholders of record as of August 15, 2025.
This represents an 8.6% increase over last year's $1.16 per share dividend, which was paid in two $0.58 per share installments.
The decision to increase the annual dividend by 8.6% by the Board of Directors reflects the Board's confidence in PriceSmart and the strength of its cash-generating activities.
At the annual meeting of stockholders, eleven nominees were elected to the PriceSmart, Inc. Board of Directors.
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