PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services. The company also operates Click & Go, an e-commerce platform for online ordering, curbside pickup, and delivery services. As of March 29, 2022, it operated 49 warehouse clubs in 12 countries and one U.S. territory. PriceSmart, Inc. was incorporated in 1994 and is headquartered in San Diego, California.
PriceSmart Dividend Announcement
• PriceSmart announced a quarterly dividend of $0.58 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-15
• PriceSmart annual dividend for 2024 was $2.16
• PriceSmart annual dividend for 2023 was $0.92
• PriceSmart's trailing twelve-month (TTM) dividend yield is 2.52%
• PriceSmart's payout ratio for the trailing twelve months (TTM) is 47.64%
• PriceSmart's dividend growth over the last five years (2018-2023) was 5.62% year
• PriceSmart's dividend growth over the last ten years (2013-2023) was 11.86% year
PriceSmart Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-15 | $0.58 | quarterly | 2024-08-30 |
2024-04-18 | $1.00 | quarterly | 2024-04-30 |
2024-02-14 | $0.58 | quarterly | 2024-02-29 |
2023-08-14 | $0.46 | quarterly | 2023-08-31 |
2023-02-15 | $0.46 | quarterly | 2023-02-28 |
2022-08-12 | $0.43 | quarterly | 2022-08-31 |
2022-02-14 | $0.43 | quarterly | 2022-02-28 |
2021-08-12 | $0.35 | quarterly | 2021-08-31 |
2021-02-11 | $0.35 | quarterly | 2021-02-26 |
2020-08-13 | $0.35 | quarterly | 2020-08-31 |
2020-02-13 | $0.35 | quarterly | 2020-02-28 |
2019-08-14 | $0.35 | quarterly | 2019-08-30 |
2019-02-14 | $0.35 | quarterly | 2019-02-28 |
2018-08-14 | $0.35 | quarterly | 2018-08-31 |
2018-02-13 | $0.35 | quarterly | 2018-02-28 |
2017-08-11 | $0.35 | quarterly | 2017-08-31 |
2017-02-13 | $0.35 | quarterly | 2017-02-28 |
2016-08-11 | $0.35 | quarterly | 2016-08-31 |
2016-02-10 | $0.35 | quarterly | 2016-02-29 |
2015-08-12 | $0.35 | quarterly | 2015-08-31 |
2015-02-11 | $0.35 | quarterly | 2015-02-27 |
2014-08-13 | $0.35 | quarterly | 2014-08-29 |
2014-02-12 | $0.35 | quarterly | 2014-02-28 |
2013-08-13 | $0.30 | quarterly | 2013-08-30 |
PriceSmart Dividend per year
PriceSmart Dividend growth
PriceSmart Dividend Yield
PriceSmart current trailing twelve-month (TTM) dividend yield is 2.52%. Interested in purchasing PriceSmart stock? Use our calculator to estimate your expected dividend yield:
PriceSmart Financial Ratios
PriceSmart Dividend FAQ
Other factors to consider when evaluating PriceSmart as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: PriceSmart's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, PriceSmart publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, PriceSmart distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from PriceSmart are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: PriceSmart sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, PriceSmart distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: PriceSmart declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of PriceSmart's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review PriceSmart's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.