PetSmart Accelerates Dividend Payout
The list of companies announcing fiscal-cliff-inspired dividend payouts just got a little bit longer. On Monday, after close of trading, pet supplies specialist PetSmart announced it is accelerating payment of its quarterly dividend.
Instead of the usual payout date, which would have been in February, shareholders of record as of Dec. 19 can expect to be paid $0.165 per share on Dec. 31. The company did not come out and say it is doing this to avoid the risk that shareholders might get hit with higher dividend tax rates in tax year 2013, but the company's choice of date seems to imply that was the motivation.
The article PetSmart Accelerates Dividend Payout originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend PetSmart. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.