#Dividends #Smallcap #Passiveincome
I’ll be dollar cost averaging into this small cap dividend payer over this next year until I reach my desired position size. PetMed (1-800-PetMeds) has increased its dividend by 11% annually on average for the past five years consecutively – a trend that is showing no signs of changing course anytime soon. PetMed currently has a 12-month trailing payout ratio of only 46% and is forecast to grow its top line by a commanding 8.3% next year. That said, the company should have plenty of room and financial firepower to expand its payout going forward.
PetMed Express, Inc. and its subsidiaries, doing business as 1-800-PetMeds, operates as a pet pharmacy in the United States. It markets prescription and non-prescription pet medications, and other health products for dogs and cats directly to the consumers. The company offers non-prescription medications and supplies, including flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, such as heartworm preventative, flea and tick preventative, arthritis, thyroid, diabetes, pain, heart/blood pressure, and other specialty medications, as well as generic substitutes. It also sells food, beds, crates, stairs, strollers, and other pet supplies. The company sells its products through its Internet Website; telephone contact center; and direct mail/print through brochures and postcards. PetMed Express, Inc. was founded in 1996 and is headquartered in Delray Beach, Florida.
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Disclaimer: I’m not your financial advisor, attorney, or tax professional, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. This video is intended for entertainment purposes only. Do your own due diligence, and take 100% responsibility for your financial decisions. Seek professional advice and guidance to aid your financial decisions.