PriceSmart Announces 11.1% Increase to Annual Dividend and Voting Results from the 2026 Annual Meeting of Stockholders

Core Viewpoint - PriceSmart, Inc. announced an 11.1% increase in its annual dividend, reflecting the company's strong cash generation and confidence from the Board of Directors [1][2]. Dividend Declaration - The Board declared an annual cash dividend of $1.40 per share, with $0.70 payable on February 27, 2026, and another $0.70 payable on August 31, 2026 [2]. - This increase from last year's dividend of $1.26 per share, which was paid in two installments of $0.63 each, demonstrates the company's financial strength [2]. Annual Meeting Results - All eleven nominees for the Board of Directors were elected during the annual meeting, ensuring continuity in leadership [4]. - The elected directors include Sherry S. Bahrambeygui, Jeffrey R. Fisher, and others, who will serve until the next annual meeting or until a successor is appointed [4]. Executive Compensation and Audit Firm Approval - Stockholders approved the compensation for the Company's named executive officers for fiscal year 2025 on an advisory basis [5]. - Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending August 31, 2026 [5]. Company Overview - PriceSmart operates 56 warehouse clubs across 12 countries and one U.S. territory, focusing on membership shopping with high-quality merchandise at low prices [6]. - The company plans to open four new warehouse clubs in 2026, which will increase the total to 60 locations [6].