Weyco Group, Inc. (NASDAQ:WEYS) Shareholders Set to Receive $0.28 Quarterly Dividend

Key Points

• Weyco declared a quarterly dividend of $0.28 per share, payable January 8 to shareholders of record November 17. The annualized payout is $1.12 per share, a 2.1% yield.
• The company reported quarterly earnings of $1.19 per share on revenue of $77.02 million, with a 12.39% net margin.
• Analyst sentiment was positive: MarketBeat’s average rating was Buy, following upgrades from Weiss Ratings and Wall Street Zen.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, November 17th will be paid a dividend of $0.28 per share by the textile maker on Friday, January 8th. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 17th.

Weyco Group has raised its dividend by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 3 years.

Weyco Group Stock Down 3.2%

NASDAQ WEYS opened at $52.28 on Wednesday. Weyco Group has a twelve month low of $27.25 and a twelve month high of $54.48. The firm has a market capitalization of $499.27 million, a PE ratio of 14.88 and a beta of 0.91. The stock's 50 day moving average is $48.41 and its 200 day moving average is $38.78.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share for the quarter. The company had revenue of $77.02 million for the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.

Analysts Set New Price Targets

WEYS has been the topic of several recent research reports. Weiss Ratings upgraded shares of Weyco Group from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Wall Street Zen upgraded Weyco Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of "Buy".

About Weyco Group

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men's shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.

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