Weyco Group, Inc. (NASDAQ:WEYS) Increases Dividend to $0.26 Per Share

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.26 per share by the textile maker on Friday, June 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Weyco Group’s previous quarterly dividend of $0.25.

Weyco Group has raised its dividend by an average of 1.0% per year over the last three years and has raised its dividend every year for the last 1 years.

Weyco Group Trading Down 2.8 %

NASDAQ WEYS traded down $0.80 during trading hours on Wednesday, reaching $28.09. The company had a trading volume of 8,587 shares, compared to its average volume of 9,853. The stock has a market capitalization of $267.05 million, a P/E ratio of 8.89 and a beta of 0.83. The stock has a 50-day moving average of $29.78 and a 200 day moving average of $30.16. Weyco Group has a 1-year low of $24.47 and a 1-year high of $33.70.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, March 5th. The textile maker reported $0.90 earnings per share for the quarter. The firm had revenue of $80.59 million for the quarter. Weyco Group had a net margin of 9.49% and a return on equity of 12.88%.

Insider Transactions at Weyco Group

In related news, VP Dustin Combs sold 4,016 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total value of $115,700.96. Following the completion of the transaction, the vice president now directly owns 2,150 shares in the company, valued at $61,941.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.