Pompano Beach, Fla., Nov. 2, 2009 (GLOBE NEWSWIRE) -- PetMed Express, Inc.
(Nasdaq:PETS) today announced that its Board of Directors declared a quarterly
dividend of $0.10 per share on its common stock. The dividend will be payable on
November 30, 2009, to shareholders of record at the close of business on
November 13, 2009. The Company intends to continue to pay regular quarterly
dividends; however the declaration and payment of future dividends is
discretionary and will be subject to a determination by the Board of Directors
each quarter following its review of the Company's financial performance.
Menderes Akdag, CEO and President, commented: "This dividend announcement
illustrates our commitment to returning capital to our shareholders."
Founded in 1996, PetMed Express is America's Largest Pet Pharmacy, delivering
prescription and non-prescription pet medications and other health products for
dogs, cats, and horses at competitive prices direct to the consumer through its
1-800-PetMeds toll free number and on the Internet through its website at
www.1800petmeds.com.
This press release may contain "forward-looking" statements, as defined in the
Private Securities Litigation Reform Act of 1995 or by the Securities and
Exchange Commission, that involve a number of risks and uncertainties, including
the Company's ability to meet the objectives included in its business plan.
Important factors that could cause results to differ materially from those
indicated by such "forward-looking" statements are set forth in Management's
Discussion and Analysis of Financial Condition and Results of Operations in the
PetMed Express Annual Report on Form 10-K for the year ended March 31, 2009. The
Company's future results may also be impacted by other risk factors listed from
time to time in its SEC filings, including, but not limited to, the Company's
Form 10-Q and its Annual Report on Form 10-K.
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CONTACT: PetMed Express, Inc.
Investment Relations
Bruce S. Rosenbloom, CFO
(954) 979-5995
Fax: (954) 971-0544
