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Is PetMed's 4.3% Yield Safe?

David Jagielski, The Motley Fool
·3-min read
Is PetMed's 4.3% Yield Safe?

Online pet pharmacy PetMed Express (NASDAQ: PETS) pays a relatively high dividend yield in the stock market today. Is PetMed's bottom line and free cash flow strong enough to sustain its current payout, or should income investors be swapping out this investment for a safer dividend stock to hold in their portfolios? On a per-share basis, PetMed's profit was $0.21 -- below its current quarterly dividend payment of $0.30.

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