WEIS MARKETS ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Weis Markets, Inc. (NYSE: WMK) announced a 6.3% increase in its quarterly cash dividend, raising it from $0.32 to $0.34 per share. Shareholders of record as of November 7, 2022, will receive this dividend on November 21, 2022. This follows a previous increase of 3.2% in Q4 2021. The company's ongoing commitment to enhancing shareholder value is evident through this consistent dividend growth.

Positive

• Dividend increased by 6.3% to $0.34 per share, reflecting confidence in financial stability.
• Ongoing commitment to returning value to shareholders through consistent dividend increases.

Negative

• None.

SUNBURY, Pa., Oct. 27, 2022 /PRNewswire/ -- Weis Markets, Inc. (NYSE: WMK) Board of Directors today declared a 6.3 percent increase in the quarterly cash dividend from $0.32 per share to $0.34 per share to shareholders of record as of November 7, 2022 payable on November 21, 2022. The last quarterly cash dividend increase was 3.2 percent in the fourth quarter of 2021 from $0.31 per share to $0.32 per share.

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-301661832.html

SOURCE Weis Markets, Inc.

FAQ

What is the new dividend amount for Weis Markets (WMK)?

The new quarterly dividend amount for Weis Markets is $0.34 per share.

When will the new dividend for WMK be paid?

The new dividend will be paid on November 21, 2022.

Who is eligible for the dividend increase from Weis Markets?

Shareholders of record as of November 7, 2022, are eligible for the dividend.

How much was the previous dividend amount for WMK?

The previous dividend amount was $0.32 per share.

What was the percentage increase in the dividend for WMK?

The dividend was increased by 6.3%.