Weyco Group, Inc. (NASDAQ:WEYS) Declares Quarterly Dividend of $2.26

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders 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 annualized dividend and a yield of 22.24%. The ex-dividend date is Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26.

Weyco Group has raised its dividend by an average of 1.0% annually over the last three years.

Weyco Group Stock Down 1.0 %

Weyco Group stock traded down $0.39 during midday trading on Thursday, hitting $40.65. 695 shares of the stock were exchanged, compared to its average volume of 11,020. The stock has a market capitalization of $385.77 million, a price-to-earnings ratio of 12.99 and a beta of 0.71. Weyco Group has a 52-week low of $24.47 and a 52-week high of $41.05. The business’s 50-day moving average price is $33.74 and its 200-day moving average price is $31.81.

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. The company had revenue of $63.93 million for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%.

Insiders Place Their Bets

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the sale, the insider now owns 7,030 shares of the company’s stock, valued at $228,475. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 3,078 shares of company stock valued at $102,351 in the last quarter. Corporate insiders own 38.90% of the company’s stock.

Weyco Group Company Profile

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.