Weyco Group, Inc. (NASDAQ:WEYS) Declares Quarterly Dividend of $0.28

Key Points

• Weyco Group declared a quarterly dividend of $0.28 per share, payable on June 30 to holders of record on May 19 (ex-dividend May 19), reflecting a 3.5% yield and a 3.7% increase from the prior $0.27 payout.
• The company has modestly increased its dividend over time, raising it by an average of about 0.3% annually over the past three years and hiking the payout in each of the last three consecutive years.
• Stock and recent results: WEYS opened at $31.80 with a market cap of ~$303M and a P/E of 13.2; Weyco reported quarterly EPS of $0.64, with a net margin of 8.36% and ROE of 9.35%, and a 1-year trading range of $27.25–$35.18.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.28 per share by the textile maker on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, May 19th. This is a 3.7% increase from Weyco Group's previous quarterly dividend of $0.27.

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

Weyco Group Price Performance

Shares of WEYS stock opened at $31.80 on Wednesday. The stock has a market capitalization of $303.05 million, a PE ratio of 13.20 and a beta of 0.89. Weyco Group has a 1-year low of $27.25 and a 1-year high of $35.18. The business has a 50-day moving average of $33.00 and a 200 day moving average of $31.72.

Weyco Group (NASDAQ:WEYS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.35%.

About Weyco Group

Weyco Group, Inc is a publicly traded footwear company NASDAQ: WEYS based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men's dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.

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