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

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders 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 dividend yield of 3.69%. 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% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Weyco Group Price Performance

Shares of Weyco Group stock traded down $0.68 during trading on Wednesday, hitting $28.21. 12,538 shares of the company's stock traded hands, compared to its average volume of 9,898. Weyco Group has a 1 year low of $24.47 and a 1 year high of $33.70. The business has a 50-day simple moving average of $29.69 and a 200-day simple moving average of $30.14. The stock has a market capitalization of $268.19 million, a P/E ratio of 8.93 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The textile maker reported $0.90 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.49% and a return on equity of 12.88%. The firm had revenue of $80.59 million for the quarter.

Insiders Place Their Bets

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of the business's 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 completion of the sale, the vice president now owns 2,150 shares of the company's stock, valued at $61,941.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 38.90% of the company's stock.

About Weyco Group

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.