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

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, August 18th will be given a dividend of 0.28 per share by the textile maker on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 18th.

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

Weyco Group Stock Up 1.3%

NASDAQ:WEYS opened at $40.96 on Wednesday. The stock has a market cap of $390.43 million, a P/E ratio of 16.52 and a beta of 0.88. The business’s 50-day moving average price is $37.78 and its two-hundred day moving average price is $34.54. Weyco Group has a twelve month low of $27.25 and a twelve month high of $41.86.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. The business had revenue of $62.22 million during the quarter. Weyco Group had a net margin of 8.57% and a return on equity of 9.63%.

About Weyco Group

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.