Weyco Group hikes dividend by 4.2% in 2023

On May 2, 2023 Weyco (WEYS) announced that it will raise its quarterly dividend by 4.2 percent to $0.25 per share. This marks the company's first dividend hike since 2019. Earlier the WEYS had a track record of 39 consecutive years of dividend growth.

The next WEYS dividend is payable June 30, 2023 and the new annual dividend rate of $1.00 per share yields 3.8% at a stock price of $26.10.

Weyco Group, Inc., designs and markets footwear for men, women and children. Its brands include Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters and Umi.  The Company's products can be found in footwear, department, and specialty stores worldwide.