Weis Markets, Inc. Announces Quarterly Dividend of $0.30 (WMK)

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Friday, February 2nd, Wall Street Journal reports. Shareholders of record on Monday, February 12th will be paid a dividend of 0.30 per share on Monday, February 26th. This represents a $1.20 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, February 9th.

Shares of Weis Markets (NYSE:WMK) traded down $1.29 during mid-day trading on Friday, reaching $38.44. 75,790 shares of the company’s stock traded hands, compared to its average volume of 113,208. The stock has a market cap of $1,069.46 and a PE ratio of 14.05. Weis Markets has a 1-year low of $31.26 and a 1-year high of $66.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.91.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.16 EPS for the quarter. The business had revenue of $854.26 million for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%.

In other Weis Markets news, insider Jonathan H. Weis bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of $34.79 per share, for a total transaction of $347,900.00. Following the transaction, the insider now owns 1,228,766 shares of the company’s stock, valued at $42,748,769.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward John Lauth III bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $34.77 per share, for a total transaction of $69,540.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $173,850. The disclosure for this purchase can be found here. Insiders have bought a total of 12,600 shares of company stock worth $438,104 over the last 90 days. Corporate insiders own 26.90% of the company’s stock.

Separately, TheStreet cut shares of Weis Markets from a “b-” rating to a “c” rating in a research report on Friday, December 8th.

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Weis Markets Company Profile

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

Dividend History for Weis Markets (NYSE:WMK)

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