PetSmart Declares Quarterly Dividend

PetSmart (NASDAQ: PETM  ) is continuing to pass along some of the money it earns from providing goods and services to animals. The company has declared its latest quarterly dividend, which is to be $0.165 per share paid on August 16 to shareholders of record as of August 2. That amount matches each of the firm's preceding four distributions, the most recent of which was handed out last month. Prior to that, PetSmart distributed $0.14 per share.

The firm has managed to raise its dividend over the years. Since late 2003, that payout has climbed from $0.02 to the present level.

The just-declared dividend annualizes to $0.66 per share. That yields just under 1% at PetSmart's current stock price of $68.89.


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