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

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid 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 3.70%. The ex-dividend date is Thursday, May 16th. This is a boost from Weyco Group’s previous quarterly dividend of $0.25.

Weyco Group has raised its dividend by an average of 1.0% per year over the last three years and has raised its dividend every year for the last 1 years.

Weyco Group Trading Down 1.6 %

Weyco Group stock opened at $28.14 on Tuesday. The company has a market capitalization of $267.61 million, a PE ratio of 9.17 and a beta of 0.83. The stock has a 50-day moving average price of $29.47 and a two-hundred day moving average price of $30.18. Weyco Group has a 12 month low of $24.47 and a 12 month high of $33.70.

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

Insider Activity at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of Weyco Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total transaction of $115,700.96. Following the transaction, the vice president now directly owns 2,150 shares of the company’s stock, valued at approximately $61,941.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 38.90% of the stock is currently owned by company insiders.

Weyco Group Company Profile

(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.

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Dividend History for Weyco Group (NASDAQ:WEYS)

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