Achieving Growth and Investor Rewards: Weis Markets Flourishes with Strong Performance and Rising Profits
On November 20, 2023, Weis Markets (NYSE:WMK) will distribute a dividend payout of $0.34 per share, equating to an annualized dividend yield of 2.10%. Shareholders who owned the stock before the ex-dividend date on November 03, 2023 will receive this payout.
Weis Markets Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-03 | 4 | $0.34 | 2.1% | 2023-10-26 | 2023-11-06 | 2023-11-20 |
| 2023-08-04 | 4 | $0.34 | 2.02% | 2023-07-27 | 2023-08-07 | 2023-08-21 |
| 2023-05-05 | 4 | $0.34 | 1.63% | 2023-04-27 | 2023-05-08 | 2023-05-22 |
| 2023-02-10 | 4 | $0.34 | 1.57% | 2023-02-02 | 2023-02-13 | 2023-02-27 |
| 2022-11-04 | 4 | $0.34 | 1.48% | 2022-10-27 | 2022-11-07 | 2022-11-21 |
| 2022-07-22 | 4 | $0.32 | 1.66% | 2022-07-14 | 2022-07-25 | 2022-08-08 |
| 2022-05-06 | 4 | $0.32 | 1.6% | 2022-04-28 | 2022-05-09 | 2022-05-23 |
| 2022-02-11 | 4 | $0.32 | 2.13% | 2022-02-02 | 2022-02-14 | 2022-02-28 |
| 2021-11-05 | 4 | $0.32 | 2.34% | 2021-10-28 | 2021-11-08 | 2021-11-22 |
| 2021-07-23 | 4 | $0.31 | 2.38% | 2021-07-15 | 2021-07-26 | 2021-08-09 |
| 2021-05-07 | 4 | $0.31 | 2.41% | 2021-04-29 | 2021-05-10 | 2021-05-24 |
| 2021-02-12 | 4 | $0.31 | 2.41% | 2021-02-04 | 2021-02-16 | 2021-03-02 |
With a dividend yield that places it neither at the top nor the bottom, Weis Markets finds itself in the middle among its industry peers, while Village Super Market (NASDAQ:VLGEA) boasts the highest annualized dividend yield at 4.17%.
Analyzing Weis Markets Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.24 to $1.30, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Weis Markets
Investors can observe a growth in earnings for Weis Markets from 2019 to 2022, as earnings per share increased from $2.31 to $4.43. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Weis Markets and its significance for shareholders. The company has decided to distribute a dividend of $0.34 per share today, which equates to an annualized dividend yield of 2.10%.
With a dividend yield that places it neither at the top nor the bottom, Weis Markets finds itself in the middle among its industry peers, while Village Super Market boasts the highest annualized dividend yield at 4.17%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Weis Markets indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[See current stock movements Weis Markets on Benzinga.](https://www.benzinga.com/quote/Weis Markets (NYSE: WMK))
This article was generated by Benzinga's automated content engine and reviewed by an editor.