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

Weis Markets, Inc. (NYSE:WMK) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.34 per share on Tuesday, March 4th. This represents a $1.36 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, February 18th.

Weis Markets has increased its dividend by an average of 2.9% per year over the last three years.

Weis Markets Stock Down 1.6 %

Weis Markets stock opened at $71.26 on Friday. The business has a 50 day moving average price of $68.45 and a two-hundred day moving average price of $68.35. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 20.02 and a beta of 0.51. Weis Markets has a 12 month low of $59.58 and a 12 month high of $76.62.

Analyst Ratings Changes

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

About Weis Markets

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.