Weyco Group, Inc. (WEYS) to Issue Quarterly Dividend of $0.28 on January 8th

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, November 17th will be given a dividend of $0.28 per share by the textile maker on Friday, January 8th. This represents a $1.12 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 17th.

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

Weyco Group Price Performance

Shares of Weyco Group stock opened at $64.59 on Thursday. Weyco Group has a 1 year low of $27.25 and a 1 year high of $64.94. The firm has a market cap of $616.90 million, a PE ratio of 15.64 and a beta of 0.91. The company has a 50 day simple moving average of $48.79 and a two-hundred day simple moving average of $38.94.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, November 3rd. The textile maker reported $1.19 earnings per share for the quarter. The company had revenue of $77.02 million for the quarter. Weyco Group had a return on equity of 16.11% and a net margin of 13.96%.

Insider Activity at Weyco Group

In related news, insider Damian Walton sold 1,100 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $43.00, for a total transaction of $47,300.00. Following the sale, the insider directly owned 6,580 shares of the company’s stock, valued at $282,940. This trade represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tina M. Chang sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $45.07, for a total transaction of $135,210.00. Following the transaction, the director owned 17,833 shares in the company, valued at $803,733.31. This represents a 14.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,953 shares of company stock worth $616,534 over the last quarter. 36.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Weyco Group by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 588,781 shares of the textile maker’s stock valued at $18,871,000 after buying an additional 5,294 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Weyco Group in the 2nd quarter worth $18,215,000. Bank of New York Mellon Corp purchased a new position in shares of Weyco Group in the 2nd quarter worth $2,952,000. Empowered Funds LLC boosted its position in Weyco Group by 3.4% in the first quarter. Empowered Funds LLC now owns 53,793 shares of the textile maker’s stock worth $1,724,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Associated Banc Corp bought a new stake in shares of Weyco Group during the 3rd quarter valued at about $2,164,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

About Weyco Group

Weyco Group, Inc is a footwear company that designs, sources, markets and distributes branded men’s shoes and accessories. Its portfolio includes Florsheim, Nunn Bush, Stacy Adams, BOGS and Forsake, serving dress, casual, outdoor and work-oriented footwear markets.

The company sells its products through department stores, specialty footwear retailers, independent retailers, e-commerce platforms and its own branded websites. Its business is organized around wholesale and direct-to-consumer channels, with products distributed primarily in North America and also in select international markets, including Europe and Australia.

Weyco traces its history to 1892 and is headquartered in Milwaukee, Wisconsin.