PetSmart, Inc. (NASDAQ: PETM) must be doing very well despite the renewed uncertainty out there. The pet specialty store destination just announced the approval of a dividend hike. The company’s dividend is jumping up 25% to $0.125 per quarter from a prior quarterly payout of $0.10. The company is also boosting what was already a fairly aggressive share buyback plan. After looking at a quick glance for projections, investing in Fido and Fifi may have room for even higher payouts down the road.
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