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.
Fool contributor Eric Volkman has no position in PetSmart. The Motley Fool recommends PetSmart. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.