EX-Dividend Schedule: Weyco Group Has Raised Dividend for 35 Consecutive Years; Will Trade Ex-Dividend on December 01, 2017

LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors has a free review on Weyco Group, Inc. (NASDAQ: WEYS) following the Company’s announcement that it will begin trading ex-dividend on December 01, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on November 30, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on WEYS:

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Dividend Declared

On October 26, 2017, Weyco Group declared a quarterly cash dividend of $0.22 per share, payable on January 02, 2018, to shareholders of record as of December 04, 2017.

Weyco Group’s indicated dividend represents a yield of 3.09%, which is substantially higher compared to the average dividend yield of 1.76% for the Consumer Goods sector. The Company has raised dividend for 35 consecutive years.

Dividend Insights

Weyco Group has a dividend payout ratio of 64.7%, which indicates that the Company spends approximately $0.65 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Weyco Group is forecasted to report earnings of $1.45 for the next year, which is substantially above its annualized dividend of $0.88 per share.

As of September 30, 2017, Weyco Group’s cash and cash equivalents totaled $6.70 million compared to $13.71 million as on December 31, 2016. For the nine months ended September 30, 2017, the Company’s net cash provided by operating activities totaled $16.42 million compared to cash flow from operations worth $27.79 million in the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Weyco Group

On October 27, 2017, Weyco Group announced financial results for the quarter ended September 30, 2017.

The Company’s net sales for Q3 2017 were $76.9 million, a decrease of 3% compared to net sales of $79.1 million in Q3 2016. Weyco Group’s earnings from operations were $7.8 million in both Q3 2017 and 2016. Net earnings attributable to the Company increased 7% to $4.9 million in the reported quarter, up from $4.6 million in the year ago period, while diluted earnings per share were $0.48 per share in Q3 2017 and $0.44 per share in Q3 2016.

About Weyco Group

Weyco Group designs and markets quality and innovative footwear for men, women, and children under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Umi. The Company’s products can be found in leading footwear, department, and specialty stores worldwide. Weyco Group also operates Florsheim concept stores in the United States and Australia as well as in a variety of international markets.

Stock Performance Snapshot

November 29, 2017 – At Wednesday’s closing bell, Weyco’s stock marginally rose 0.67%, ending the trading session at $28.52.

Volume traded for the day: 16.16 thousand shares, which was above the 3-month average volume of 11.81 thousand shares.

Stock performance in the last month – up 3.22%; previous three-month period – up 5.51%; past six-month period – up 2.89%

After yesterday’s close, Weyco’s market cap was at $287.77 million.

Price to Earnings (P/E) ratio was at 17.86.

The stock has a dividend yield of 3.09%.

The stock is part of the Consumer Goods sector, categorized under the Textile – Apparel Footwear & Accessories industry.

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