Weyco Group, Inc. Declares Special Cash Dividend
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Weyco Group, Inc. has declared a special one-time cash dividend of $2.00 per share, totaling approximately $19.0 million. The dividend will be paid on January 2, 2025, to shareholders of record as of November 18, 2024.
November 05, 2024 | 9:30 pm
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Weyco Group, Inc. declared a special cash dividend of $2.00 per share, amounting to $19 million. This could attract investors seeking dividend income, potentially boosting the stock price in the short term.
The announcement of a special cash dividend is likely to attract investors looking for income, which can lead to a short-term increase in stock price as demand for the stock rises. The dividend is significant at $2.00 per share, totaling $19 million, which is a substantial payout for shareholders.
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