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Is PetMed's 4.3% Yield Safe?

TheMotleyFool

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Online pet pharmacy PetMed Express (NASDAQ: PETS) pays a relatively high dividend yield in the stock market today. At 4.5%, that's significantly more than what the average stock on the S&P 500 pays -- just 1.3%. The danger with high-yielding stocks can sometimes be that their payouts don't last, especially if their financials can't support them.

Is PetMed's bottom line and free cash flow strong enough to sustain its current payout, or should income investors be swapping out this investment for a safer dividend stock to hold in their portfolios?

Image source: Getty Images.

Source Fool.com

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