Weis Markets, Inc. (NYSE:WMK) Announces $0.34 Quarterly Dividend

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Thursday, July 18th, NASDAQ reports. Investors of record on Monday, July 29th will be given a dividend of 0.34 per share on Monday, August 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, July 29th.

Weis Markets has raised its dividend by an average of 3.1% annually over the last three years and has raised its dividend every year for the last 3 years.

Weis Markets Stock Up 0.8 %

NYSE:WMK opened at $74.92 on Friday. Weis Markets has a 52 week low of $58.87 and a 52 week high of $75.26. The stock’s fifty day moving average is $65.28 and its two-hundred day moving average is $63.68. The company has a market capitalization of $2.02 billion, a P/E ratio of 19.98 and a beta of 0.46.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.86 earnings per share (EPS) for the quarter. The business had revenue of $1.18 billion for the quarter. Weis Markets had a net margin of 2.14% and a return on equity of 7.40%.

Insider Buying and Selling

In other news, Director Edward John Lauth III bought 1,525 shares of Weis Markets stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average price of $64.98 per share, with a total value of $99,094.50. Following the completion of the acquisition, the director now directly owns 1,525 shares in the company, valued at $99,094.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.10% of the stock is currently owned by insiders.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.