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PetMed Express increases quarterly dividend

POMPANO BEACH, Fla. (AP) -- PetMed Express Inc. said Friday that it is increasing its quarterly dividend to 17 cents from 15 cents.

The pet pharmacy company said that the new dividend is payable on Aug. 23 to shareholders of record as of the close of business on Aug. 12.

PetMed Express, based in Pompano Beach, Fla., runs a pet pharmacy service through 1-800-PetMeds and its website at 1800petmeds.com.

The company's shares slipped 15 cents to $16.74 in late afternoon trading.