Weyco Group, Inc. Declares Special Cash Dividend
Rhea-AI Summary
Weyco Group (NASDAQ: WEYS) declared a special cash dividend of $2.00 per share on November 4, 2025. The company said the total cash outlay will be approximately $19 million. The dividend will be paid on January 9, 2026 to shareholders of record at the close of business on November 17, 2025.
Management said accumulated cash exceeded operational and capital needs and that the company expects to maintain liquidity to fund organic growth and pursue strategic opportunities while returning capital alongside its regular quarterly dividend.
Positive
- $2.00 per share special dividend declared
- Total cash outlay of approximately $19 million
- Dividend payment date set for January 9, 2026
- Record date confirmed as November 17, 2025
Negative
- Payment will reduce cash reserves by approximately $19 million
News Market Reaction 5 Alerts
On the day this news was published, WEYS declined 1.30%, reflecting a mild negative market reaction. Argus tracked a trough of -2.6% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $300M at that time.
Data tracked by StockTitan Argus on the day of publication.
Milwaukee, Wisconsin---November 4, 2025---Weyco Group, Inc. (NASDAQ: WEYS) (the “Company”) announced that today its Board of Directors declared a special cash dividend of
“We are pleased to announce this return of capital to shareholders,” stated Thomas W. Florsheim, Jr., Chairman and CEO. “Over the past few years, we have built up cash in excess of what we need to fund operations and capital expenditures. Looking to the future, we anticipate that our strong balance sheet and liquidity will allow us to fund organic growth and pursue future strategic opportunities as they arise. Therefore, we are returning capital to our shareholders in the form of a special cash dividend alongside our regular quarterly dividend.”
About Weyco Group
Weyco Group, Inc., designs and markets quality and innovative footwear principally for men, but also for women and children, under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, and BOGS. The Company’s products can be found in leading footwear, department, and specialty stores, as well as on e-commerce websites worldwide. Weyco Group also operates Florsheim stores in the United States, Australia, and South Africa.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Various factors could cause our results to be materially different from the results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the uncertain impacts of U.S. trade and tariff policies – particularly incremental tariffs on goods sourced from China - which remain highly dynamic and unpredictable; the impact of inflation generally and, specifically, increases in our costs for materials, labor and other manufacturing inputs; a slow down or contraction in the overall U.S. or Australian economies; our ability to successfully market and sell our products in a highly competitive industry and in view of changing and unpredictable consumer trends; the effect of unseasonable weather conditions on the demand for certain of our products; our ability to successfully procure our products from independent manufacturers on a timely basis; consumer acceptance of products and other factors affecting retail market conditions, changes in interest rates, the uncertain impact of the wars in Ukraine and Israel and the related economic and other sanctions imposed by the U.S. and European Union; and other factors detailed from time to time in our filings made with the Securities and Exchange Commission, including our annual report on Form 10-K filed on March 14, 2025, which are incorporated herein by reference. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Milwaukee, WI, Nov. 04, 2025 (GLOBE NEWSWIRE) --
For more information, contact: Judy Anderson Vice President, Chief Financial Officer and Secretary 414‑908‑1833
FAQ
What special dividend did Weyco Group (WEYS) declare on November 4, 2025?
When will WEYS pay the special dividend and who is eligible?
How much total cash will Weyco (WEYS) payout for the special dividend?
Does the WEYS special dividend affect the company’s ability to fund growth?
Will Weyco (WEYS) continue its regular dividend alongside the special dividend?
