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

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, February 17th will be given a dividend of 0.34 per share on Tuesday, March 3rd. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, February 17th.

Weis Markets has increased its dividend by an average of 0.0%annually over the last three years.

Weis Markets Stock Down 0.1%

Weis Markets stock opened at $73.94 on Friday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 19.46 and a beta of 0.46. The business has a 50-day simple moving average of $67.29 and a 200 day simple moving average of $69.00. Weis Markets has a 52 week low of $61.53 and a 52 week high of $90.23.

Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share (EPS) for the quarter. Weis Markets had a return on equity of 7.16% and a net margin of 2.05%.The firm had revenue of $1.24 billion during the quarter.

Hedge Funds Weigh In On Weis Markets

A number of hedge funds and other institutional investors have recently modified their holdings of WMK. Torren Management LLC bought a new position in shares of Weis Markets during the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its position in Weis Markets by 107.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Weis Markets in the second quarter worth approximately $55,000. Signaturefd LLC grew its position in Weis Markets by 61.2% during the fourth quarter. Signaturefd LLC now owns 882 shares of the company’s stock valued at $57,000 after acquiring an additional 335 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Weis Markets during the third quarter valued at approximately $74,000.

About Weis Markets

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.