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

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 annualized dividend and a yield of 1.92%. The ex-dividend date is Tuesday, February 18th.

Weis Markets has increased its dividend payment by an average of 2.9% annually over the last three years.

Weis Markets Price Performance

Weis Markets stock traded up $0.71 during midday trading on Thursday, hitting $70.69. The company’s stock had a trading volume of 234,756 shares, compared to its average volume of 76,831. The company has a 50-day moving average price of $68.56 and a two-hundred day moving average price of $68.47. Weis Markets has a 1-year low of $59.19 and a 1-year high of $76.62. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 19.86 and a beta of 0.51.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.96 EPS for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.19 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.