Weyco Group, Inc. (NASDAQ:WEYS) Plans Dividend Increase – $0.26 Per Share

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.26 per share by the textile maker on Friday, June 28th. This represents a $1.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, May 16th. This is an increase from Weyco Group’s previous quarterly dividend of $0.25.

Weyco Group has raised its dividend payment by an average of 1.0% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Weyco Group Price Performance

Weyco Group stock traded up $0.03 during mid-day trading on Wednesday, reaching $29.19. 4,367 shares of the company traded hands, compared to its average volume of 10,000. Weyco Group has a 52-week low of $24.47 and a 52-week high of $33.70. The firm has a market capitalization of $277.60 million, a price-to-earnings ratio of 9.50 and a beta of 0.83. The firm’s 50 day moving average price is $29.43 and its 200 day moving average price is $30.19.

Weyco Group (NASDAQ:WEYSGet Free Report) last announced its earnings results on Tuesday, March 5th. The textile maker reported $0.90 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 12.27% and a net margin of 9.69%. The firm had revenue of $80.59 million during the quarter.

Insider Activity

In related news, VP Dustin Combs sold 4,016 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total transaction of $115,700.96. Following the completion of the transaction, the vice president now owns 2,150 shares of the company’s stock, valued at approximately $61,941.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 38.90% of the company’s stock.

About Weyco Group

(Get Free Report)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.

See Also

Dividend History for Weyco Group (NASDAQ:WEYS)

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