DIVIDEND ANNOUNCEMENT: Psychemedics Corp. (NASDAQ:PMD) on 10/22/2019 declared a dividend of $0.1800 per share

Psychemedics Corp. (NASDAQ:PMD) on 10/22/2019 declared a dividend of $ 0.1800 per share payable on November 15, 2019 to shareholders of record as of November 05, 2019.

Psychemedics Corp. (NASDAQ:PMD) has paid dividends since 2002, has a current dividend yield of 7.7087798119% and has increased its dividends for 1 successive years.

Psychemedics Corp.'s market cap is $ 51,528,780 and has a PE ratio of 14.59. The stock price closed yesterday at $ 9.34 and has a 52 week low/high of $ 7.12 and $ 19.64.

Psychemedics is a provider of hair testing for drugs of abuse, utilizing a patented hair analysis method involving digestion of hair, enzyme immunoassay technology and mass spectrometry to analyze human hair to detect abused substances. Co.'s tests provide quantitative information that can indicate the approximate amount of drug ingested as well as historical data, which can show a pattern of individual drug use over a longer period of time. Co. provides screening and confirmation by mass spectrometry for cocaine, marijuana, PCP, amphetamines, opiates, synthetic cannabinoids and benzodiazepines. In addition, Co. provides a hair test for alcohol.

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