Weyco Group, Inc. (NASDAQ:WEYS) Shareholders to Collect $0.28 Quarterly Dividend

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.28 per share by the textile maker on Friday, January 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 17th.

Weyco Group has raised its dividend by an average of 0.3% per year over the last three years and has increased its dividend every year for the last 3 years.

Weyco Group Stock Performance

WEYS opened at $52.28 on Wednesday. The company has a market cap of $499.27 million, a P/E ratio of 14.88 and a beta of 0.91. Weyco Group has a one year low of $27.25 and a one year high of $54.48. The business’s 50-day simple moving average is $48.41 and its 200-day simple moving average is $38.78.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The business had revenue of $77.02 million during the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Weyco Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Wall Street Zen raised Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Weyco Group Company Profile

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.