Weyco Group, Inc. (NASDAQ:WEYS) to Issue Quarterly Dividend of $0.26

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, March 4th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.26 per share by the textile maker on Monday, March 31st. This represents a $1.04 dividend on an annualized basis and a yield of 3.18%.

Weyco Group has raised its dividend by an average of 2.4% per year over the last three years.

Weyco Group Stock Down 3.2 %

Shares of Weyco Group stock traded down $1.09 on Tuesday, hitting $32.75. 12,037 shares of the company traded hands, compared to its average volume of 12,173. Weyco Group has a 12-month low of $27.05 and a 12-month high of $41.05. The company has a market cap of $313.06 million, a PE ratio of 10.84 and a beta of 0.69. The company has a 50-day moving average price of $35.94 and a 200 day moving average price of $35.08.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.