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.