Weis Markets, Inc. (WMK) to Distribute Quarterly Dividend of $0.34 on November 23rd

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Monday, November 9th will be given a dividend of $0.34 per share on Monday, November 23rd. This represents a $1.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, November 9th.

Weis Markets Trading Down 0.8%

Shares of WMK stock opened at $74.26 on Friday. The firm has a fifty day moving average price of $73.10 and a 200 day moving average price of $72.59. The company has a market cap of $1.84 billion, a P/E ratio of 18.43 and a beta of 0.40. Weis Markets has a 12 month low of $59.99 and a 12 month high of $83.74.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%. The company had revenue of $1.28 billion for the quarter.

Hedge Funds Weigh In On Weis Markets

Several institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Weis Markets by 788.6% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock worth $31,000 after purchasing an additional 347 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Weis Markets by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after buying an additional 145 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Weis Markets by 78.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock valued at $49,000 after buying an additional 340 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Weis Markets by 43.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 859 shares of the company’s stock valued at $63,000 after buying an additional 260 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Weis Markets in the second quarter worth $83,000.

About Weis Markets

Weis Markets, Inc is a regional food retailer that operates supermarkets under the Weis Markets banner. The company offers a broad selection of grocery products, including fresh produce, meat and seafood, dairy items, bakery and deli goods, frozen foods, beverages, household products, and health and beauty items. Many locations also provide pharmacy services, prepared foods, fuel, and online grocery ordering or pickup options.

Founded in 1912 by brothers Harry and Sigmund Weis in Sunbury, Pennsylvania, the company has grown into a Mid-Atlantic supermarket chain.