By the close of today, August 18, 2023, PetMed Express PETS will issue a dividend payout of $0.30 per share, resulting in an annualized dividend yield of 8.46%. Only those investors who owned the stock prior to the ex-dividend date on August 11, 2023 will receive this payout.
PetMed Express Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-11 | 4 | $0.3 | 8.46% | 2023-07-31 | 2023-08-14 | 2023-08-18 |
| 2023-06-05 | 4 | $0.3 | 8.15% | 2023-05-22 | 2023-06-06 | 2023-06-12 |
| 2023-02-16 | 4 | $0.3 | 5.44% | 2023-02-06 | 2023-02-20 | 2023-02-27 |
| 2022-11-17 | 4 | $0.3 | 5.38% | 2022-11-07 | 2022-11-18 | 2022-11-30 |
| 2022-08-11 | 4 | $0.3 | 5.73% | 2022-07-25 | 2022-08-12 | 2022-08-19 |
| 2022-05-19 | 4 | $0.3 | 5.77% | 2022-05-09 | 2022-05-20 | 2022-05-27 |
| 2022-02-04 | 4 | $0.3 | 5.0% | 2022-01-24 | 2022-02-07 | 2022-02-18 |
| 2021-11-05 | 4 | $0.3 | 4.44% | 2021-10-25 | 2021-11-08 | 2021-11-19 |
| 2021-08-05 | 4 | $0.3 | 4.32% | 2021-07-26 | 2021-08-06 | 2021-08-13 |
| 2021-05-13 | 4 | $0.3 | 4.08% | 2021-05-03 | 2021-05-14 | 2021-05-21 |
| 2021-01-29 | 4 | $0.28 | 3.22% | 2021-01-19 | 2021-02-01 | 2021-02-12 |
| 2020-11-06 | 4 | $0.28 | 3.65% | 2020-10-26 | 2020-11-09 | 2020-11-20 |
PetMed Express's dividend yield falls in the middle range when compared to its industry peers, with Big 5 Sporting Goods BGFV having the highest annualized dividend yield at 11.49%.
Analyzing PetMed Express Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.08 to $1.20, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For PetMed Express
Investors can observe a decrease in PetMed Express's earnings per share from $1.29 in 2019 to $0.78 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
This article delves into the recent dividend payout of PetMed Express and its implications for shareholders. Presently, the company is distributing a dividend of $0.30 per share, leading to an annualized dividend yield of 8.46%.
PetMed Express's dividend yield falls in the middle range when compared to its industry peers, with Big 5 Sporting Goods having the highest annualized dividend yield at 11.49%.
Considering the increase in dividend per share from 2019 to 2022 alongside a decrease in earnings per share, PetMed Express appears to be focusing on maintaining dividend payments even with a decline in profitability.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[See current stock movements PetMed Express on Benzinga.](https://www.benzinga.com/quote/PetMed Express (NASDAQ: PETS))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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