Weyco Group, Inc. (NASDAQ:WEYS) Shareholders to Receive $0.28 Quarterly Dividend

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, November 17th will be paid a dividend of $0.28 per share by the textile maker on Friday, January 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 17th.

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

Weyco Group Trading Down 3.2%

WEYS opened at $52.28 on Wednesday. The stock has a market capitalization of $499.27 million, a P/E ratio of 14.40 and a beta of 0.91. Weyco Group has a 12 month low of $27.25 and a 12 month high of $54.48. The firm’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $38.78.

Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share (EPS) for the quarter. The firm had revenue of $77.02 million during the quarter. Weyco Group had a return on equity of 14.04% and a net margin of 12.39%.

About Weyco Group

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.