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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, February 18th.

Weis Markets has increased its dividend payment by an average of 2.9% annually over the last three years.

Weis Markets Trading Up 1.0 %

Shares of NYSE:WMK traded up $0.71 on Thursday, reaching $70.69. 200,056 shares of the company traded hands, compared to its average volume of 76,831. The business’s 50-day simple moving average is $68.56 and its 200 day simple moving average is $68.47. The stock has a market capitalization of $1.90 billion, a P/E ratio of 19.86 and a beta of 0.51. Weis Markets has a 52 week low of $59.19 and a 52 week high of $76.62.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.96 EPS for the quarter. The business had revenue of $1.19 billion during the quarter. Weis Markets had a net margin of 2.01% and a return on equity of 6.85%.

Analyst Ratings Changes

Separately, StockNews.com raised Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th.

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.