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Fri. Jun. 26, 2009 D4L commentary

PetSmart (PETM) Announces a 233% Dividend Increase

In this environment many income investors are happy to see any dividend increase. Not all companies are hiding behind the economic downturn and short-changing their dividend increases. To the contrary, PetSmart (PETM) after an extensive analysis of expected free cash flows showed confidence in their our operating plan with a generous dividend increase and share repurchase plan.