Weis Markets, Inc. Declares Quarterly Dividend of $0.34 (NYSE:WMK)

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.34 per share on Tuesday, November 26th. This represents a $1.36 annualized dividend and a yield of 2.16%.

Weis Markets has increased its dividend by an average of 3.1% annually over the last three years and has raised its dividend every year for the last 3 years.

Weis Markets Stock Down 1.5 %

NYSE WMK traded down $0.93 during trading hours on Thursday, reaching $62.89. 66,903 shares of the company were exchanged, compared to its average volume of 87,939. The stock has a market capitalization of $1.69 billion, a P/E ratio of 17.06 and a beta of 0.46. Weis Markets has a 1 year low of $58.87 and a 1 year high of $76.62. The business’s 50 day simple moving average is $66.73 and its 200-day simple moving average is $66.07.

Weis Markets (NYSE:WMK) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 earnings per share for the quarter. The business had revenue of $1.18 billion during the quarter. Weis Markets had a return on equity of 6.74% and a net margin of 1.97%.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.