Psychemedics (PMD) Declares $0.18 Quarterly Dividend; 5.2% Yield

Psychemedics (NASDAQ: PMD) declared a quarterly dividend of $0.18 per share, or $0.72 annualized.

The dividend will be payable on May 17, 2019, to stockholders of record on May 7, 2019, with an ex-dividend date of May 6, 2019.

The annual yield on the dividend is 5.2 percent.

“The Company’s balance sheet remains strong with $9.1 million of working capital. The total equipment financing obligation outstanding was $1.5 million as of March 31, 2019. Our directors share our confidence in the future of Psychemedics and remain committed to rewarding shareholders and sharing the financial success of the Company with them as we grow. Therefore, we are pleased to declare our quarterly dividend of $0.18 per share. This dividend represents our 91st consecutive quarterly dividend.”

For a dividend history and other dividend-related data on Psychemedics (PMD) click here.

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