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PriceSmart Dividend Increase and Annual Meeting Overview

PriceSmart, Inc. (NASDAQ: PSMT), a prominent operator of warehouse clubs, recently announced a significant development regarding its annual dividend and held its 2026 annual meeting of stockholders. This announcement, made on February 6, 2026, indicated a healthy financial outlook for the company, coupled with a transparent governance process for its shareholders.

Annual Dividend Increase

The Board of Directors at PriceSmart declared an impressive 11.1% increase in its annual cash dividend, amounting to $1.40 per share. This hike comes from last year's dividend of $1.26 per share, reflecting the company's robust performance and positive cash flow generation. The dividend will be distributed in two installments of $0.70 per share—one on February 27, 2026, and the other on August 31, 2026. Shareholders must be on record by February 17, 2026, and August 17, 2026, respectively, to qualify.

The increase in dividends signifies the confidence that the Board has in PriceSmart's growth prospects and financial stability, prompting a favorable response from investors. Despite the positive outlook, the future declaration of dividends will depend on various factors including market conditions and company performance.

Results from the 2026 Stockholders' Meeting

During the recent stockholders' meeting held on February 5, 2026, PriceSmart achieved a milestone by electing all eleven nominees to the Board of Directors. The elected board members will serve until the next annual meeting or until their successors are appointed. The directors who were elected include notable figures such as Sherry S. Bahrambeygui and Jeffrey R. Fisher, who are expected to contribute significantly to the company's strategic development and governance.

Additionally, stockholders gave advisory approval for the compensation of the company's executive officers for the fiscal year 2025. They also ratified the selection of Ernst & Young LLP as the independent registered public accounting firm for the year ending on August 31, 2026. This demonstrates an emphasis on regulatory compliance and financial integrity.

Future Outlook

PriceSmart, headquartered in San Diego, operates 56 warehouse clubs across 12 countries and one U.S. territory. The company is expanding its footprint with plans for new warehouse clubs in the Dominican Republic, Jamaica, and Costa Rica slated for late 2026. Currently, their presence spans notable locations across Latin America and the Caribbean, positioning them as a leader in the membership retail sector.

The announcement of this dividend increase and the confirmation of the board's composition convey a message of stability and growth once again, positioning PriceSmart favorably in a competitive market landscape.

Despite the positivity surrounding their financial announcements, PriceSmart acknowledges the potential risks associated with international operations including varying economic conditions, currency exchange volatility, and competitors' actions. Moving forward, the company maintains a focus on executing its strategic initiatives while navigating these uncertainties.

In conclusion, PriceSmart's recent developments highlight its commitment to returning value to shareholders while also enhancing its governance framework—steps that are critical as it continues its growth trajectory across various markets. Investors can look forward to seeing how these developments unfold as the company continues to expand its operations.

For inquiries or further information, interested parties can reach out to the Investor Relations department of PriceSmart.