Weyco Group, Inc. (NASDAQ:WEYS) to Issue Dividend Increase – $2.26 Per Share

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be given a dividend of 2.26 per share by the textile maker on Thursday, January 2nd. This represents a $9.04 annualized dividend and a yield of 23.25%. The ex-dividend date 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 Stock Up 2.8 %

WEYS stock opened at $38.89 on Friday. The stock’s 50 day moving average is $34.45 and its 200-day moving average is $32.26. Weyco Group has a twelve month low of $27.05 and a twelve month high of $41.05. The firm has a market capitalization of $369.07 million, a PE ratio of 12.88 and a beta of 0.71.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday.

Insider Activity

In related news, CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the transaction, the chief financial officer now directly owns 13,100 shares of the company’s stock, valued at $497,538. This trade represents a 18.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Damian Walton sold 1,340 shares of Weyco Group stock in a transaction on Monday, September 9th. The shares were sold at an average price of $32.50, for a total value of $43,550.00. Following the transaction, the insider now owns 7,030 shares of the company’s stock, valued at $228,475. The trade was a 16.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,402 shares of company stock worth $304,656. 38.90% of the stock is currently owned by insiders.

Weyco Group Company Profile

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.