PetMed Express Continues Support to Investors while Adjusting Profits, Adapting to Market Pressures
Portfolio Pulse from Benzinga Insights
PetMed Express (NASDAQ:PETS) is set to issue a dividend payout of $0.30 per share, resulting in an annualized dividend yield of 8.46%. The company has seen a growth in its dividend per share from $1.08 to $1.20 from 2019 to 2022. However, its earnings per share decreased from $1.29 in 2019 to $0.78 in 2022. The company's dividend yield is mid-range compared to its industry peers, with Big 5 Sporting Goods (NASDAQ:BGFV) having the highest annualized dividend yield at 11.49%.
August 18, 2023 | 3:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Big 5 Sporting Goods has the highest annualized dividend yield at 11.49% among its industry peers.
Big 5 Sporting Goods is mentioned as having the highest annualized dividend yield among its industry peers. This could make the stock more attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
PetMed Express is issuing a dividend payout of $0.30 per share, with an annualized yield of 8.46%. The company has increased its dividend per share despite a decrease in earnings per share.
While PetMed Express has increased its dividend per share, the decrease in earnings per share could potentially impact future dividend payments. This could make the stock less attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100