Weyco Group, Inc. (NASDAQ:WEYS) Announces Dividend Increase – $2.26 Per Share

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, November 18th will be given a dividend of 2.26 per share by the textile maker on Thursday, January 2nd. This represents a $9.04 annualized dividend and a dividend yield of 22.55%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Weyco Group’s previous quarterly dividend of $0.26.

Weyco Group has increased its dividend payment by an average of 1.0% per year over the last three years.

Weyco Group Trading Down 2.3 %

Weyco Group stock traded down $0.95 during midday trading on Thursday, reaching $40.09. 14,770 shares of the stock traded hands, compared to its average volume of 11,031. The firm has a market cap of $380.45 million, a PE ratio of 12.99 and a beta of 0.71. The company has a 50-day simple moving average of $33.74 and a two-hundred day simple moving average of $31.81. Weyco Group has a 12-month low of $24.47 and a 12-month high of $41.05.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, August 6th. The textile maker reported $0.59 earnings per share for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The firm had revenue of $63.93 million for the quarter.

Insider Activity at Weyco Group

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.50, for a total value of $43,550.00. Following the sale, the insider now owns 7,030 shares of the company’s stock, valued at $228,475. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders sold 3,078 shares of company stock worth $102,351. Company insiders own 38.90% of the company’s stock.

Weyco Group Company Profile

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.