Weyco Group, Inc. (NASDAQ:WEYS) Announces Quarterly Dividend of $0.27

Key Points

• Weyco Group, Inc. declared a quarterly dividend of $0.27 per share, with the ex-dividend date set for August 18th and payments expected by September 30th, reflecting an annual yield of 3.7%.
• The company reported earnings of $0.24 per share and a revenue of $58.22 million in its latest quarter, showcasing a net margin of 10.19%.
• Weyco Group's stock experienced a decline of 1.9%, closing at $28.83, while its market capitalization stands at $276.16 million with a P/E ratio of 9.48.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors of record on Monday, August 18th will be paid a dividend of 0.27 per share by the textile maker on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 18th.

Weyco Group Trading Down 1.9%

Weyco Group stock traded down $0.56 during midday trading on Wednesday, reaching $28.83. The stock had a trading volume of 16,547 shares, compared to its average volume of 14,233. Weyco Group has a 12 month low of $25.51 and a 12 month high of $41.05. The company has a market capitalization of $276.16 million, a P/E ratio of 9.48 and a beta of 0.98. The company has a fifty day moving average price of $31.82 and a two-hundred day moving average price of $32.00.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. The business had revenue of $58.22 million during the quarter. Weyco Group had a return on equity of 11.65% and a net margin of 10.19%.

Institutional Trading of Weyco Group

Several large investors have recently bought and sold shares of WEYS. Dimensional Fund Advisors LP lifted its holdings in shares of Weyco Group by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker's stock valued at $21,654,000 after purchasing an additional 9,208 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Weyco Group by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 96,490 shares of the textile maker's stock worth $3,623,000 after purchasing an additional 3,358 shares during the period. Northern Trust Corp increased its stake in shares of Weyco Group by 0.8% in the 4th quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock worth $2,295,000 after purchasing an additional 463 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Weyco Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker's stock worth $1,316,000 after purchasing an additional 3,285 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new position in Weyco Group in the 2nd quarter worth $822,000. 23.59% of the stock is owned by institutional investors.

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.

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