NEW YORK ( TheStreet) -- The ex-dividend date for PetMed Express (Nasdaq: PETS) is tomorrow, May 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $13.01 as of 9:32 a.m. ET, the dividend yield is 3.8%.

The average volume for PetMed Express has been 243,500 shares per day over the past 30 days. PetMed Express has a market cap of $295.9 million and is part of the health care sector and drugs industry. Shares are down 27.2% year to date as of the previous trading day's close.

PetMed Express, Inc., doing business as 1-800-PetMeds, markets non-prescription and prescription pet medications; and other health products for dogs, cats, and horses. The company has a P/E ratio of 14.3, above the average drugs industry P/E ratio of 13.1 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PetMed Express as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full PetMed Express Ratings Report.

See our dividend calendar or top-yielding stocks list.

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