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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.34 per share on Tuesday, May 28th. This represents a $1.36 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, May 10th.

Weis Markets has raised its dividend payment by an average of 3.1% per year over the last three years.

Weis Markets Stock Up 0.8 %

Shares of WMK stock opened at $63.66 on Thursday. The stock’s fifty day simple moving average is $63.56 and its 200 day simple moving average is $62.92. Weis Markets has a one year low of $58.75 and a one year high of $77.05.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.76 EPS for the quarter. Weis Markets had a net margin of 2.21% and a return on equity of 7.69%. The firm had revenue of $1.21 billion for the quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WMK shares. StockNews.com raised shares of Weis Markets from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. TheStreet upgraded shares of Weis Markets from a “c+” rating to a “b-” rating in a research report on Monday, March 18th.

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.