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

Key Points

• Quarterly dividend of $0.34 declared, with an ex‑dividend and record date of May 11 and payment scheduled for May 26, implying a yield of about 1.9%.
• Weis Markets has shown essentially no dividend growth over the past three years (average annual change 0.0%), indicating limited payout increases historically.
• The company reported $1.24 EPS and $1.30 billion in quarterly revenue, has a market cap of $1.73 billion and a P/E of 18.67, and its shares traded between $59.99 and $90.23 in the past year.

Weis Markets, Inc. (NYSE:WMK - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be given a dividend of 0.34 per share on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, May 11th.

Weis Markets has raised its dividend payment by an average of 0.0%per year over the last three years.

Weis Markets Price Performance

NYSE:WMK opened at $70.02 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 18.67 and a beta of 0.44. Weis Markets has a one year low of $59.99 and a one year high of $90.23. The company has a fifty day moving average price of $68.38 and a 200 day moving average price of $67.82.

Weis Markets (NYSE:WMK - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $1.24 EPS for the quarter. The firm had revenue of $1.30 billion during the quarter. Weis Markets had a net margin of 1.96% and a return on equity of 7.09%.

About Weis Markets

Weis Markets, Inc NYSE: WMK is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.

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