Weyco Group, Inc. (WEYS) to Issue Quarterly Dividend of $0.28 on June 30th

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be given a dividend of 0.28 per share by the textile maker on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, May 19th. This is a 3.7% increase from Weyco Group’s previous quarterly dividend of $0.27.

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

Weyco Group Trading Up 0.6%

NASDAQ WEYS opened at $34.82 on Friday. The stock has a market capitalization of $331.90 million, a price-to-earnings ratio of 14.04 and a beta of 0.89. Weyco Group has a twelve month low of $27.25 and a twelve month high of $35.18. The stock has a 50-day moving average of $33.33 and a 200 day moving average of $31.96.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share for the quarter. The company had revenue of $68.01 million during the quarter. Weyco Group had a return on equity of 9.63% and a net margin of 8.57%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WEYS. Empowered Funds LLC lifted its stake in Weyco Group by 8.2% during the first quarter. Empowered Funds LLC now owns 43,175 shares of the textile maker’s stock worth $1,316,000 after purchasing an additional 3,285 shares in the last quarter. Geode Capital Management LLC lifted its stake in Weyco Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 160,193 shares of the textile maker’s stock worth $5,313,000 after purchasing an additional 2,224 shares in the last quarter. Rhumbline Advisers lifted its stake in Weyco Group by 21.1% during the second quarter. Rhumbline Advisers now owns 10,989 shares of the textile maker’s stock worth $364,000 after purchasing an additional 1,917 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Weyco Group during the second quarter worth $204,000. Finally, Bridgeway Capital Management LLC lifted its stake in Weyco Group by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 95,961 shares of the textile maker’s stock worth $3,182,000 after purchasing an additional 4,186 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

About Weyco Group

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.