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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors 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 2.15%. The ex-dividend date of this dividend is Friday, May 10th.

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

Weis Markets Trading Down 1.1 %

Shares of NYSE:WMK traded down $0.68 during midday trading on Friday, reaching $63.17. 66,330 shares of the company were exchanged, compared to its average volume of 91,560. Weis Markets has a fifty-two week low of $58.75 and a fifty-two week high of $80.47. The stock has a fifty day simple moving average of $63.39 and a two-hundred day simple moving average of $62.99.

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

Wall Street Analyst Weigh In

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

Weis Markets Company Profile

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.