Weyco Group, Inc. (NASDAQ:WEYS) Declares Quarterly Dividend of $0.24

Weyco Group, Inc. (NASDAQ:WEYSGet Rating) announced a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Friday, May 27th will be given a dividend of 0.24 per share by the textile maker on Thursday, June 30th. This represents a $0.96 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Thursday, May 26th.

Weyco Group has increased its dividend by an average of 1.8% annually over the last three years.

NASDAQ WEYS opened at $26.04 on Wednesday. The firm has a market capitalization of $251.68 million, a P/E ratio of 10.85 and a beta of 0.51. The business has a fifty day simple moving average of $25.65 and a 200 day simple moving average of $24.47. Weyco Group has a 12 month low of $20.58 and a 12 month high of $29.24.

Weyco Group (NASDAQ:WEYSGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The textile maker reported $1.07 earnings per share (EPS) for the quarter. The firm had revenue of $101.38 million during the quarter. Weyco Group had a return on equity of 11.90% and a net margin of 7.71%.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Weyco Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock worth $6,231,000 after acquiring an additional 11,049 shares during the period. BlackRock Inc. lifted its holdings in Weyco Group by 0.8% during the 4th quarter. BlackRock Inc. now owns 133,497 shares of the textile maker’s stock worth $3,196,000 after purchasing an additional 1,071 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Weyco Group by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 49,808 shares of the textile maker’s stock worth $1,231,000 after purchasing an additional 591 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in Weyco Group by 75.8% during the 4th quarter. Susquehanna International Group LLP now owns 22,003 shares of the textile maker’s stock worth $527,000 after purchasing an additional 9,487 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Weyco Group by 25.7% during the 1st quarter. Acadian Asset Management LLC now owns 17,747 shares of the textile maker’s stock worth $437,000 after purchasing an additional 3,623 shares in the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Separately, StockNews.com downgraded Weyco Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

About Weyco Group (Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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Dividend History for Weyco Group (NASDAQ:WEYS)

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