WEIS MARKETS ANNOUNCES QUARTERLY DIVIDEND

(Neutral)

Rhea-AI Summary

Weis Markets, Inc. (NYSE: WMK) announced a quarterly cash dividend of $0.34 per share, set for shareholders of record as of February 13, 2023. The dividend will be payable on February 27, 2023, reflecting the company's ongoing commitment to returning value to its shareholders. Founded in 1912, Weis operates 197 stores across the Mid-Atlantic, including states such as Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia, and West Virginia.

Positive

Quarterly cash dividend of $0.34 per share declared.
Dividend payment reinforces shareholder value.

Negative

None.

News Market Reaction – WMK

+1.06%

+1.06% Session move

In the trading session that priced this news, WMK gained 1.06%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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02/02/2023 - 04:44 PM

SUNBURY, Pa., Feb. 2, 2023 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) Board of Directors today declared a quarterly cash dividend of $0.34 per share to shareholders of record as of February 13, 2023, payable on February 27, 2023.

About Weis Markets
Founded in 1912, Weis Markets, Inc. is a Mid-Atlantic food retailer operating 197 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia. For more information, please visit: WeisMarkets.com or Facebook.com/WeisMarkets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/weis-markets-announces-quarterly-dividend-301737952.html

SOURCE Weis Markets

FAQ

What is the amount of the dividend declared by WMK?

Weis Markets declared a dividend of $0.34 per share.

When is the dividend payable for WMK shareholders?

The dividend is payable on February 27, 2023.

What is the record date for the WMK dividend?

The record date for the dividend is February 13, 2023.

How often does Weis Markets pay dividends?

Weis Markets typically pays dividends quarterly.

Is the dividend from WMK sustainable?

The sustainability of the dividend is subject to the company's future financial performance and market conditions.