Weyco Group, Inc. (NASDAQ:WEYS) to Issue $0.27 Quarterly Dividend

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, March 3rd. Investors of record on Friday, March 13th will be paid a dividend of 0.27 per share by the textile maker on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, March 13th.

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

Weyco Group Trading Up 4.4%

Shares of Weyco Group stock traded up $1.40 during trading hours on Wednesday, reaching $33.14. 729 shares of the company’s stock were exchanged, compared to its average volume of 8,212. The company has a fifty day moving average of $31.31 and a 200-day moving average of $30.71. Weyco Group has a 52-week low of $25.51 and a 52-week high of $34.92. The firm has a market capitalization of $316.49 million, a price-to-earnings ratio of 13.05 and a beta of 0.99.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings data on Tuesday, March 3rd. The textile maker reported $0.91 EPS for the quarter. Weyco Group had a net margin of 8.71% and a return on equity of 9.82%. The company had revenue of $76.80 million during the quarter.

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.