Weyco Group, Inc. (NASDAQ:WEYS) Announces Quarterly Dividend of $2.26

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Monday, November 18th will be paid a dividend of 2.26 per share by the textile maker on Thursday, January 2nd. This represents a $9.04 dividend on an annualized basis and a yield of 23.48%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Weyco Group's previous quarterly dividend of $0.26.

Weyco Group has increased its dividend by an average of 1.0% per year over the last three years.

Weyco Group Price Performance

WEYS traded down $2.54 on Thursday, reaching $38.50. The company's stock had a trading volume of 29,898 shares, compared to its average volume of 11,156. The stock has a market cap of $365.37 million, a price-to-earnings ratio of 12.99 and a beta of 0.71. Weyco Group has a 1 year low of $24.47 and a 1 year high of $41.05. The business's 50 day moving average is $33.74 and its 200 day moving average is $31.81.

Weyco Group (NASDAQ:WEYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.59 EPS for the quarter. The firm had revenue of $63.93 million during the quarter. Weyco Group had a return on equity of 12.31% and a net margin of 10.04%.

Insider Activity at Weyco Group

In other Weyco Group news, insider Damian Walton sold 1,340 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.50, for a total transaction of $43,550.00. Following the sale, the insider now owns 7,030 shares in the company, valued at $228,475. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 3,078 shares of company stock valued at $102,351. Insiders own 38.90% of the company's stock.

About Weyco Group

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.