Weyco Group, Inc. (NASDAQ:WEYS) Raises Dividend to $0.28 Per Share

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be given a dividend of 0.28 per share by the textile maker on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 3.7% increase from Weyco Group’s previous quarterly dividend of $0.27.

Weyco Group has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Weyco Group Stock Performance

NASDAQ WEYS opened at $31.80 on Wednesday. The stock has a market capitalization of $303.05 million, a price-to-earnings ratio of 13.20 and a beta of 0.89. The stock has a 50-day moving average of $33.00 and a 200 day moving average of $31.72. Weyco Group has a twelve month low of $27.25 and a twelve month high of $35.18.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings results on Tuesday, May 5th. The textile maker reported $0.64 earnings per share for the quarter. Weyco Group had a net margin of 8.36% and a return on equity of 9.35%. The firm had revenue of $68.00 million during the quarter.

Institutional Investors Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co purchased a new position in shares of Weyco Group during the fourth quarter worth approximately $30,000. BNP Paribas Financial Markets raised its position in Weyco Group by 107.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock valued at $48,000 after purchasing an additional 832 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Weyco Group in the 4th quarter valued at $55,000. Tower Research Capital LLC TRC boosted its stake in Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after purchasing an additional 1,133 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Weyco Group during the 4th quarter worth $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.