By Connor Hart
PriceSmart increased its annual dividend to $1.26 from $1.16.
The higher dividend represents an annual yield of about 1.4%, based on Friday's closing price of $91.66.
The operator of membership warehouse clubs in Central America, the Caribbean and Colombia said it will pay a dividend of 63 cents a share on Feb. 28 to stockholders of record as of Feb. 18. It will pay an additional dividend of 63 cents a share on Aug. 29 to shareholders of record as of Aug. 15.
The company said the higher dividend reflects its board's confidence, as well as the strength of its cash-generating activities.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 07, 2025 16:16 ET (21:16 GMT)
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