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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.34 per share on Tuesday, November 26th. This represents a $1.36 annualized dividend and a yield of 2.16%.

Weis Markets has increased its dividend by an average of 3.1% per year over the last three years and has raised its dividend every year for the last 3 years.

Weis Markets Stock Performance

Shares of WMK stock traded down $0.93 during mid-day trading on Thursday, hitting $62.89. The company’s stock had a trading volume of 66,903 shares, compared to its average volume of 87,939. Weis Markets has a 52-week low of $58.87 and a 52-week high of $76.62. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 17.06 and a beta of 0.46. The business has a 50-day moving average price of $66.73 and a 200 day moving average price of $66.07.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $1.18 billion for the quarter. Weis Markets had a net margin of 1.97% and a return on equity of 6.74%.

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.