Weyco Group, Inc. (NASDAQ:WEYS) Declares Quarterly Dividend of $0.27

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, March 3rd. Investors of record on Friday, March 13th will be given a dividend of 0.27 per share by the textile maker on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 13th.

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

Weyco Group Stock Performance

Shares of NASDAQ:WEYS traded up $1.40 on Wednesday, hitting $33.14. 729 shares of the company’s stock were exchanged, compared to its average volume of 8,212. Weyco Group has a 1-year low of $25.51 and a 1-year high of $34.92. The company has a market capitalization of $316.49 million, a PE ratio of 13.05 and a beta of 0.99. The firm’s 50-day moving average is $31.31 and its 200 day moving average is $30.71.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, March 3rd. The textile maker reported $0.91 earnings per share for the quarter. The firm had revenue of $76.80 million during the quarter. Weyco Group had a return on equity of 9.82% and a net margin of 8.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on WEYS. Wall Street Zen raised Weyco Group from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Weyco Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Weyco Group presently has an average rating of “Buy”.

Weyco Group Company Profile

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.