Weyco Group, Inc. (NASDAQ:WEYS) Declares Quarterly Dividend of $0.26

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, March 4th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.26 per share by the textile maker on Monday, March 31st. This represents a $1.04 annualized dividend and a yield of 3.18%.

Weyco Group has raised its dividend payment by an average of 2.4% per year over the last three years.

Weyco Group Stock Performance

NASDAQ:WEYS traded down $1.09 on Tuesday, hitting $32.75. 12,037 shares of the stock were exchanged, compared to its average volume of 12,173. Weyco Group has a 52 week low of $27.05 and a 52 week high of $41.05. The stock has a market capitalization of $313.06 million, a price-to-earnings ratio of 10.84 and a beta of 0.69. The company’s 50-day moving average price is $35.94 and its 200 day moving average price is $35.08.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Weyco Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

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.