Petsmart (PETM) Raises Qtr. Dividend 17.9% to $0.165, 1% Yield; Announces $525M Buyback Plan

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Petsmart, Inc. (NASDAQ: PETM) declared a quarterly dividend of $0.165 per share, or $0.66 annualized. This is a 17.9% increase from the prior dividend of $0.14.

The dividend will be payable on August 10, 2012, to stockholders of record on July 27, 2012, with an ex-dividend date of July 25, 2012.

The annual yield on the dividend is 1 percent.

For a dividend history and other dividend-related data on Petsmart, Inc. (PETM) click here.

The company's Board also authorized a new $525 million buyback program.

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