PetSmart Inc. recently authorized a $350 million stock buyback in order to generate cash flow, according to the Wall Street Journal .
PetSmart will pay a dividend of 10 cents per share - up from 3 cents - starting in the fiscal second quarter.
The stock buyback will conclude in January 2012.
Feature
By Leah Wilkinson
A new year brings new opportunities and excitement, and 2023 is bound to be the same, with several chances for advancing policy issues of importance to the U.S. animal food industry.
Feature
By Lindsay Beaton
Industry experts predict the need for flexibility in the face of another uncertain year.