Weis Markets, Inc. (NYSE:WMK) Declares $0.34 Quarterly Dividend
by Doug Wharley · The Cerbat GemWeis Markets, Inc. (NYSE:WMK – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be paid a dividend of 0.34 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, May 11th.
Weis Markets has increased its dividend by an average of 0.0%annually over the last three years.
Weis Markets Stock Up 1.0%
Shares of Weis Markets stock opened at $70.02 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 18.67 and a beta of 0.44. The company has a 50-day simple moving average of $68.38 and a 200 day simple moving average of $67.82. Weis Markets has a 12-month low of $59.99 and a 12-month high of $90.23.
Weis Markets (NYSE:WMK – Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported $1.24 earnings per share (EPS) for the quarter. The business had revenue of $1.30 billion during the quarter. Weis Markets had a net margin of 1.96% and a return on equity of 7.09%.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Weis Markets in a research report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on WMK
Weis Markets Company Profile
Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.
In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.