Weyco Group, Inc. Accelerates Dividend Payment Date

Rhea-AI Summary

Weyco Group, Inc. (NASDAQ: WEYS) has accelerated the payment date for its regular quarterly dividend of $0.24 per share, moving it from January 4, 2021 to December 31, 2020. The record date remains November 30, 2020. This decision reflects the company's commitment to returning value to shareholders and may enhance investor confidence. Weyco Group specializes in designing and marketing quality footwear for men, women, and children under brands like Florsheim and Nunn Bush.

Positive

• Accelerated dividend payment shows commitment to shareholder value.

Negative

• None.

MILWAUKEE, Dec. 22, 2020 /PRNewswire/ -- Weyco Group, Inc. (NASDAQ: WEYS) today announced that it is accelerating the payment date for its previously declared and announced regular quarterly dividend to December 31, 2020. The original payment date for the dividend was January 4, 2021. The record date for this dividend remains November 30, 2020 and the dividend remains $0.24 per share.

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, BOGS, and Rafters. 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 and Australia, as well as in a variety of international markets.

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SOURCE Weyco Group, Inc.

FAQ

What is the new dividend payment date for Weyco Group (WEYS)?

The new dividend payment date for Weyco Group (WEYS) is December 31, 2020.

How much is the dividend for Weyco Group (WEYS)?

The dividend for Weyco Group (WEYS) is $0.24 per share.

What is the record date for the dividend from Weyco Group (WEYS)?

The record date for the dividend from Weyco Group (WEYS) is November 30, 2020.

Why did Weyco Group (WEYS) accelerate its dividend payment?

Weyco Group (WEYS) accelerated its dividend payment to demonstrate commitment to returning value to shareholders.

Is the dividend from Weyco Group (WEYS) sustainable?

While the press release does not explicitly address sustainability, the accelerated payment could indicate confidence in ongoing financial health.