Pricesmart's most recent dividend payment of $0.58 per share was made to shareholders on record before Feb 14, 2024. The payout stands at $1.04 per share annually, which works out to a dividend yield of 1.29%. The latest PSMT stock dividend of $0.58 is an increase from the previous $0.46 distribution, representing a growth of 26%.
PSMT has a dividend yield of 1.29% which is below the Consumer Defensive sector, the industry and its peers average. Compared to its Consumer Defensive sector average of 2.3%, Pricesmart's dividend yield is 44% lower. Historically PSMT's dividend yield has averaged at 1.1% in the last 5 years, which is below the current yield.
Pricesmart has been paying dividends for the last 17 years. According to our data PSMT has issued two dividends in the last twelve months. The annualized DPS has increased by 17% for the last year. And since the stock price has gone up by 8% from a year ago, the dividend yield has increased by 9%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 14, 2024 | Feb 29, 2024 | Feb 1, 2024 | $0.58 | normal |
| Aug 14, 2023 | Aug 31, 2023 | Feb 3, 2023 | $0.46 | normal |
| Feb 15, 2023 | Feb 28, 2023 | Feb 3, 2023 | $0.46 | normal |
| Aug 12, 2022 | Aug 31, 2022 | Feb 3, 2022 | $0.43 | normal |
| Feb 14, 2022 | Feb 28, 2022 | Feb 3, 2022 | $0.43 | normal |
| Aug 12, 2021 | Aug 31, 2021 | Feb 4, 2021 | $0.35 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Feb 4, 2021 | $0.35 | normal |
| Aug 13, 2020 | Aug 31, 2020 | Feb 6, 2020 | $0.35 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Feb 6, 2020 | $0.35 | normal |
| Aug 14, 2019 | Aug 30, 2019 | Jan 30, 2019 | $0.35 | normal |
| Feb 14, 2019 | Feb 28, 2019 | Jan 30, 2019 | $0.35 | normal |
| Aug 14, 2018 | Aug 31, 2018 | Jan 24, 2018 | $0.35 | normal |
| Feb 13, 2018 | Feb 28, 2018 | Jan 24, 2018 | $0.35 | normal |
| Aug 11, 2017 | Aug 31, 2017 | Feb 1, 2017 | $0.35 | normal |
| Feb 13, 2017 | Feb 28, 2017 | Feb 1, 2017 | $0.35 | normal |
| Aug 11, 2016 | Aug 31, 2016 | Feb 3, 2016 | $0.35 | normal |
PSMT has a payout ratio of 26.1% which is lower than the Consumer Defensive sector, the industry and its peers average. In comparison with the Consumer Defensive sector average of 42.3%, Pricesmart's payout ratio is 38% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| TGT Target Corp | 2.63% | $4.38 | 48.9% |
| DG Dollar General Corp | 1.65% | $2.36 | 31.2% |
| WMT Walmart Inc | 1.32% | $0.78 | 40.5% |
| PSMT Pricesmart Inc | 1.28% | $1.04 | 26.1% |
| COST Costco Wholesale Corp | 0.56% | $4.08 | 26.6% |
| BIG Big Lots Inc | N/A | N/A | N/A |
Yes, Pricesmart has been paying dividends for the last 17 years.
PSMT's next dividend date is Aug 15, 2024 (ex-date).
Pricesmart's last regular dividend was on Feb 14, 2024 (ex-date) with the amount of $0.58 per share.
PSMT has paid dividend of $1.04 per share in the last year.
Currently Pricesmart's dividend yield is 1.29%.
Pricesmart typically pays two dividends per year.
The dividend payout ratio of Pricesmart is 26.1%.
Pricesmart's dividend yield is below the Consumer Defensive sector average.