PetMed Express Dividends May Show Traction

On Monday May 7th PetMed Express, Inc. (Nasdaq:PETS) declared a quarterly dividend of $0.15 per common share. The dividend is payable on May 25, 2012, to shareholders of record at the close of business Monday, May 14, 2012. 


The Company notes the declaration and payment of future dividends is discretionary and will be subject to a review of financial performance.  However, the payment of this dividend may show PetMed is gaining traction.  


Why is this important?
The dispensary of most veterinary clinics and hospitals is an important revenue area.  Online pharmacies services would change the face of the industry if they are able to take over this space. 

Founded in 1996, PetMed Express is America's Largest Pet Pharmacy, delivering prescription and non-prescription pet medications and other health products for dogs and cats at competitive prices direct to the consumer.


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