Weyco Group, Inc. (NASDAQ:WEYS) Announces Quarterly Dividend of $0.26

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Investors 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 3.69%. 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 increased 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 Stock Performance

NASDAQ WEYS traded down $0.68 during trading on Thursday, reaching $28.21. The company’s stock had a trading volume of 12,538 shares, compared to its average volume of 9,898. Weyco Group has a twelve month low of $24.47 and a twelve month high of $33.70. The business’s fifty day moving average price is $29.69 and its 200-day moving average price is $30.14. The firm has a market cap of $268.19 million, a price-to-earnings ratio of 8.93 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS) last released 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 12.88% and a net margin of 9.49%. The business had revenue of $80.59 million for the quarter.

Insiders Place Their Bets

In related news, VP Dustin Combs sold 4,016 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $115,700.96. Following the completion of the sale, the vice president now owns 2,150 shares in the company, valued at $61,941.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 38.90% of the stock is owned by insiders.

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.