Weyco Group, Inc. (NASDAQ:WEYS) to Issue Dividend Increase – $2.26 Per Share

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 2.26 per share by the textile maker on Thursday, January 2nd. This represents a $9.04 dividend on an annualized basis and a dividend yield of 22.03%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Weyco Group’s previous quarterly dividend of $0.26.

Weyco Group has increased its dividend by an average of 1.0% per year over the last three years.

Weyco Group Stock Performance

Weyco Group stock opened at $41.04 on Thursday. The firm’s 50-day moving average is $33.74 and its 200-day moving average is $31.81. Weyco Group has a 1 year low of $24.47 and a 1 year high of $41.05. The company has a market cap of $389.47 million, a P/E ratio of 12.99 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.59 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The company had revenue of $63.93 million for the quarter.

Insider Buying and Selling

In related news, insider Damian Walton sold 1,340 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $32.50, for a total value of $43,550.00. Following the sale, the insider now owns 7,030 shares of the company’s stock, valued at $228,475. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,078 shares of company stock valued at $102,351 in the last quarter. Company insiders own 38.90% of the company’s stock.

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.