Weyco Group said on March 7, 2023 that its Board of Directors declared regular quarterly dividend $0.24 per share ($0.96 annualized). Previously, the company paid $0.24 per share.
Shares must have been purchased before the ex-split date of March 16, 2023, to qualify for the dividend. Shareholders of record through March 17, 2023 will receive the payment on March 31, 2023.
At the current share price of $24.86/share, the stock’s dividend yield is 3.86%. Looking back five years and taking one sample each week, the average dividend yield has been 3.95%, with a low of 2.39%, and a high of 6.34%. The standard deviation of the yield is 0.91 (n=235).
The current dividend yield is 0.10 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of 0.31. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is Fund Sentiment?
there are 165 fund or institution reporting positions Vico Group. This is an increase of 5 owners or 3.12% over the previous quarter. average portfolio weight of all funds There is 0.05% devoted to WEYS, an increase of 0.51%. Total shares owned by institutions increased by 0.76% to 2,640K shares in the last three months.
What are the big shareholders doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 234K shares representing 2.45% ownership. In its prior filing, the firm reported representing 164K shares.
of 30.13%. Firm
Its portfolio allocation in WEYS has increased by 37.49% as compared to the previous quarter.
Wellington Management Group LLP
The company holds 144K shares representing 1.51% ownership. In its prior filing, the firm reported representing 189K shares.
of 31.23%. Firm
fell short of
Its portfolio allocation in WEYS has increased by 99.99% as compared to the previous quarter.
IWM – iShares Russell 2000 ETF
The company holds 131K shares representing 1.37% ownership. In its prior filing, the firm reported representing 125K shares.
of 4.31%. Firm
fell short of
Its portfolio allocation in WEYS has increased by 1.54% as compared to the previous quarter.
Geode Capital Management
The company holds 117K shares representing 1.22% ownership. In its prior filing, the firm reported representing 110K shares.
of 6.00%. Firm
Its portfolio allocation in WEYS has increased by 2.38% as compared to the previous quarter.
DFSVX – US Small Cap Value Portfolio – Institutional Class
The company holds 102K shares representing 1.07% ownership. In its prior filing, the firm reported owning 98K shares, representing
Its portfolio allocation in WEYS has increased by 2.00% as compared to the previous quarter.
Weyco Group Background Information
(This description is provided by the company.)
WEYCO Group, Inc., designs and markets quality and innovative footwear for men, women and children under a portfolio of well-recognized brand names; Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters. The company’s products can be found in major footwear, department and specialty stores around the world. Veiko Group also operates Florsheim concept stores in the United States and Australia, as well as in various international markets.
This story originally appeared on fintail,
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