Weyco Group, Inc. Plans Quarterly Dividend of $0.26 (NASDAQ:WEYS)

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.26 per share by the textile maker on Monday, March 31st. This represents a $1.04 annualized dividend and a yield of 3.02%.

Weyco Group has raised its dividend payment by an average of 2.4% per year over the last three years.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS traded up $1.64 during trading on Wednesday, reaching $34.39. The stock had a trading volume of 600 shares, compared to its average volume of 12,169. Weyco Group has a 52 week low of $27.05 and a 52 week high of $41.05. The firm’s fifty day moving average is $35.85 and its 200 day moving average is $35.07. The stock has a market cap of $328.73 million, a price-to-earnings ratio of 11.05 and a beta of 0.69.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 EPS for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The business had revenue of $80.47 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

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.