Weis Markets, Inc. (WMK) To Go Ex-Dividend on May 10th

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.34 per share on Tuesday, May 28th. This represents a $1.36 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, May 10th.

Weis Markets has raised its dividend by an average of 3.1% per year over the last three years.

Weis Markets Stock Down 1.1 %

Shares of WMK stock traded down $0.68 during trading hours on Friday, reaching $63.17. The company had a trading volume of 66,330 shares, compared to its average volume of 91,560. The business has a fifty day simple moving average of $63.39 and a 200-day simple moving average of $62.99. Weis Markets has a 12 month low of $58.75 and a 12 month high of $80.47.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, February 27th. The company reported $0.76 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.21% and a return on equity of 7.69%. The firm had revenue of $1.21 billion during the quarter.

Wall Street Analyst Weigh In

WMK has been the subject of a number of research analyst reports. TheStreet raised Weis Markets from a “c+” rating to a “b-” rating in a research report on Monday, March 18th. StockNews.com raised shares of Weis Markets from a “hold” rating to a “buy” rating in a report on Thursday, March 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.