Weyco Group, Inc. (WEYS) to Issue Quarterly Dividend of $2.26 on January 2nd

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors 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 dividend yield of 22.55%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Weyco Group’s previous quarterly dividend of $0.26.

Weyco Group has increased its dividend payment by an average of 1.0% per year over the last three years.

Weyco Group Trading Down 2.3 %

NASDAQ:WEYS traded down $0.95 during trading hours on Thursday, hitting $40.09. The company had a trading volume of 14,770 shares, compared to its average volume of 11,031. Weyco Group has a 1 year low of $24.47 and a 1 year high of $41.05. The company has a market cap of $380.45 million, a P/E ratio of 12.99 and a beta of 0.71. The company has a 50-day moving average of $33.74 and a 200 day moving average of $31.81.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, August 6th. The textile maker reported $0.59 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The firm had revenue of $63.93 million during the quarter.

Insider Activity

In other news, insider Damian Walton sold 1,340 shares of Weyco Group stock in a transaction that occurred 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 sale, the insider now owns 7,030 shares of the company’s stock, valued at approximately $228,475. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 3,078 shares of company stock valued at $102,351 in the last 90 days. Company insiders own 38.90% of the company’s stock.

About Weyco Group

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.