1 Dividend Stock Just Got Bigger
Jun 19th 2012 8:22PM
Updated Jun 19th 2012 8:26PM
The following video is from this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser and Joe Magyer, analyze the latest business news. PetSmart is increasing its dividend by 18%. The company also announced a plan to buy back $525 million in stock. In this segment, the guys discuss both moves and analyze how PetSmart is doing against other major retailers, such as Wal-Mart and Target. With shares trading at an all-time high, is now the time to buy?
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At the time this article was published Chris Hill owns no shares of any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of PetSmart and creating a diagonal call position in Wal-Mart Stores. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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