Weis Markets, Inc. to Issue Quarterly Dividend of $0.34 (NYSE:WMK)

Weis Markets, Inc. (NYSE:WMK - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, February 18th.

Weis Markets has raised its dividend by an average of 2.9% per year over the last three years.

Weis Markets Stock Up 1.1 %

WMK traded up $0.79 during trading on Monday, reaching $70.30. 62,238 shares of the company were exchanged, compared to its average volume of 78,855. Weis Markets has a 12-month low of $59.19 and a 12-month high of $76.62. The company's 50-day moving average is $68.39 and its two-hundred day moving average is $68.39. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Weis Markets from a "buy" rating to a "strong-buy" rating in a research report on Thursday, November 7th.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.