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

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend 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

WMK traded up $0.71 during trading on Thursday, reaching $70.69. 200,056 shares of the company’s stock were exchanged, compared to its average volume of 76,831. Weis Markets has a 1 year low of $59.19 and a 1 year high of $76.62. The stock has a market capitalization of $1.90 billion, a P/E ratio of 19.86 and a beta of 0.51. The company’s fifty day simple moving average is $68.56 and its 200-day simple moving average is $68.47.

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

Analyst Upgrades and Downgrades

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

Weis Markets Company Profile

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.