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

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Wednesday, May 8th, 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 of this dividend is Thursday, May 16th. This is a boost from Weyco Group’s previous quarterly dividend of $0.25.

Weyco Group has increased its dividend by an average of 1.0% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Weyco Group Price Performance

WEYS stock traded down $0.80 during mid-day trading on Wednesday, reaching $28.09. The company had a trading volume of 8,587 shares, compared to its average volume of 9,853. The firm has a 50 day moving average of $29.78 and a 200 day moving average of $30.16. Weyco Group has a 12 month low of $24.47 and a 12 month high of $33.70. The company has a market capitalization of $267.05 million, a PE ratio of 8.89 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, March 5th. The textile maker reported $0.90 EPS for the quarter. Weyco Group had a return on equity of 12.88% and a net margin of 9.49%. The company had revenue of $80.59 million for the quarter.

Insider Activity at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of the stock in a transaction dated Wednesday, March 13th. The shares were 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 in the company, valued at approximately $61,941.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 38.90% of the stock is currently owned by corporate 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.