Weyco Group, Inc. (WEYS) Declares $0.22 Quarterly Dividend
Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Investors of record on Monday, December 4th will be paid a dividend of 0.22 per share by the textile maker on Tuesday, January 2nd. This represents a $0.88 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Friday, December 1st.
Shares of Weyco Group (NASDAQ WEYS) traded down 1.67% during midday trading on Monday, reaching $27.63. 12,415 shares of the company traded hands. The company has a 50 day moving average price of $28.31 and a 200 day moving average price of $27.84. Weyco Group has a 1-year low of $23.75 and a 1-year high of $32.30. The company has a market capitalization of $282.85 million, a PE ratio of 17.84 and a beta of 0.69.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Friday, October 27th. The textile maker reported $0.48 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 5.81% and a return on equity of 7.05%. The business had revenue of $76.91 million for the quarter. On average, analysts expect that Weyco Group will post $1.36 earnings per share for the current year.
A number of brokerages have issued reports on WEYS. BidaskClub lowered shares of Weyco Group from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research upgraded shares of Weyco Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, TheStreet lowered shares of Weyco Group from a “b” rating to a “c+” rating in a research note on Thursday, August 3rd.
ILLEGAL ACTIVITY WARNING: “Weyco Group, Inc. (WEYS) Declares $0.22 Quarterly Dividend” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/30/weyco-group-inc-weys-declares-0-22-quarterly-dividend.html.
In other Weyco Group news, VP Michael Bernsteen sold 4,344 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $28.00, for a total transaction of $121,632.00. Following the transaction, the vice president now owns 3,765 shares in the company, valued at approximately $105,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Wittkowske sold 30,040 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $27.55, for a total transaction of $827,602.00. Following the transaction, the chief financial officer now owns 123,000 shares in the company, valued at approximately $3,388,650. The disclosure for this sale can be found here. Insiders have sold a total of 51,337 shares of company stock worth $1,420,404 in the last 90 days. 42.81% of the stock is currently owned by company insiders.
Weyco Group Company Profile
Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).
Receive News & Ratings for Weyco Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.