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

Weyco Group, Inc. (NASDAQ:WEYS) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors 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 dividend on an annualized basis 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 payment by an average of 1.0% annually over the last three years.

Weyco Group Stock Up 2.8 %

NASDAQ:WEYS opened at $38.89 on Friday. Weyco Group has a 12-month low of $27.05 and a 12-month high of $41.05. The firm has a market capitalization of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. The stock’s 50 day moving average price is $34.45 and its two-hundred day moving average price is $32.24.

Insider Activity

In other news, CFO Judy Anderson sold 2,893 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the sale, the chief financial officer now owns 13,100 shares in the company, valued at $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Damian Walton sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.21, for a total value of $38,210.00. Following the completion of the transaction, the insider now directly owns 6,030 shares in the company, valued at $230,406.30. The trade was a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,402 shares of company stock valued at $304,656 over the last ninety days. 38.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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.