PriceSmart Declares Semi-Annual Dividend Payable on February 29, 2012
January 27, 2012 at 02:30 am IST
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PriceSmart Inc. announced that its board of directors has declared cash dividends, in the total amount of $0.60 per share, $0.30 per share payable on February 29, 2012 to stockholders of record as of the close of business on February 15, 2012 and $0.30 per share payable on August 31, 2012 to stockholders of record as of the close of business on August 15, 2012.
PriceSmart, Inc. owns and operates United States (US)-style membership shopping warehouse clubs in Latin America and the Caribbean, selling merchandise and providing services to PriceSmart members. The Company operates approximately 52 warehouse clubs in 12 countries and one US territory. Its segments include the US, Central America, the Caribbean and Colombia. It offers merchandise and services in various categories, such as consumables, fresh foods, hardlines, food service and bakery, and health services. It also owns Member's Selection private label products. The Company's consumable products include groceries, cleaning supplies, and health and beauty aids. Its fresh food products include meat, produce, deli, seafood and poultry. The Company's hardline products include electronics, automotive, hardware, sporting goods, and seasonal products. Its softline products include clothing, domestics and home furnishing products. Its health services include optical, audiology and pharmacy.