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PetMed Express, Inc. Message Board

  • majikline64 majikline64 Jan 29, 2014 5:14 PM Flag


    Should be announcing dividend soon. Nice 5.25% yld right here.

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    • Yes, Beasley is right. That 17 cents per share is the same as all the last quarters, meaning that the dividend is safe and being protected by Management and the Board. If and when this stock doubles to $25.00 per share (it got there already once since we've come out of the Great Recession), the people buying in at those prices will be getting a 2.7% dividend at that price, while we will still be earning a much higher dividend based on our purchases down here at these prices. I have been accumulating this stock since it was down below $9.00 per share. In my case, based on my cost basis over the last two years, I am earning a 5.8% dividend on all my shares, and as the stock goes up and the company earns more money to be able to add more to the already-nice dividend, the dividend goes up along with the stock price. That's how the time-value of money allows long-term investors to grow their portfolios.

    • Announced in AH today. Will be .17 per share

18.28+0.07(+0.38%)Jun 28 4:00 PMEDT