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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, February 18th.

Weis Markets has increased its dividend by an average of 2.9% annually over the last three years.

Weis Markets Stock Up 1.0 %

WMK traded up $0.71 during trading on Thursday, hitting $70.69. The company had a trading volume of 234,756 shares, compared to its average volume of 76,831. The company has a market capitalization of $1.90 billion, a PE ratio of 19.86 and a beta of 0.51. Weis Markets has a one year low of $59.19 and a one year high of $76.62. The firm’s 50-day moving average price is $68.56 and its 200 day moving average price is $68.47.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.96 EPS for the quarter. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%. The company had revenue of $1.19 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Weis Markets from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 7th.

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.