PriceSmart, Inc. (PSMT) To Go Ex-Dividend on August 17th

PriceSmart, Inc. (NASDAQ:PSMT) declared a dividend on Thursday, February 5th. Stockholders of record on Monday, August 17th will be given a dividend of 0.70 per share on Monday, August 31st. This represents a dividend yield of 89.0%. The ex-dividend date is Monday, August 17th.

PriceSmart has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. PriceSmart has a payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings.

PriceSmart Stock Performance

Shares of PSMT stock opened at $180.22 on Friday. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 34.59 and a beta of 0.76. The stock has a fifty day moving average of $186.59 and a 200 day moving average of $166.07. PriceSmart has a 52 week low of $105.46 and a 52 week high of $199.84. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). PriceSmart had a net margin of 2.82% and a return on equity of 12.16%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year.

PriceSmart Company Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.