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

Weyco Group, Inc. (NASDAQ:WEYS) declared 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 3.23%. The ex-dividend date of this dividend is Friday, March 14th.

Weyco Group has increased its dividend by an average of 2.4% annually over the last three years.

Weyco Group Stock Down 1.8 %

Shares of NASDAQ WEYS opened at $32.17 on Thursday. Weyco Group has a twelve month low of $27.05 and a twelve month high of $41.05. The stock’s 50 day moving average price is $35.85 and its 200-day moving average price is $35.07. The company has a market capitalization of $307.51 million, a PE ratio of 10.65 and a beta of 0.69.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 EPS for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The company had revenue of $80.47 million for the quarter.

Analysts Set New Price Targets

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

Weyco Group Company Profile

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.