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Unleashing Growth Potential: Weis Markets Surpasses Expectations with Strong Performance and Increasing Profits

Author: Benzinga Insights | August 21, 2023 11:05am

By the end of today, August 21, 2023, Weis Markets (NYSE:WMK) is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 2.02%. The company's dividend payout went ex-dividend on August 04, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.

Weis Markets Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-08-04 4 $0.34 2.02% 2023-07-27 2023-08-07 2023-08-21
2023-05-05 4 $0.34 1.63% 2023-04-27 2023-05-08 2023-05-22
2023-02-10 4 $0.34 1.57% 2023-02-02 2023-02-13 2023-02-27
2022-11-04 4 $0.34 1.48% 2022-10-27 2022-11-07 2022-11-21
2022-07-22 4 $0.32 1.66% 2022-07-14 2022-07-25 2022-08-08
2022-05-06 4 $0.32 1.6% 2022-04-28 2022-05-09 2022-05-23
2022-02-11 4 $0.32 2.13% 2022-02-02 2022-02-14 2022-02-28
2021-11-05 4 $0.32 2.34% 2021-10-28 2021-11-08 2021-11-22
2021-07-23 4 $0.31 2.38% 2021-07-15 2021-07-26 2021-08-09
2021-05-07 4 $0.31 2.41% 2021-04-29 2021-05-10 2021-05-24
2021-02-12 4 $0.31 2.41% 2021-02-04 2021-02-16 2021-03-02
2020-11-06 4 $0.31 2.71% 2020-10-29 2020-11-09 2020-11-23

With a dividend yield that places it neither at the top nor the bottom, Weis Markets finds itself in the middle among its industry peers, while Village Super Market (NASDAQ:VLGEA) boasts the highest annualized dividend yield at 4.20%.

Analyzing Weis Markets Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.24 in 2019 to $1.30 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.

YoY Earnings Growth For Weis Markets

earning chart graph

From 2019 to 2022, Weis Markets has demonstrated an upward trend in earnings, with earnings per share rising from $2.31 to $4.43. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

In this article, we delve into Weis Markets's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.34 per share today, resulting in an annualized dividend yield of 2.02%.

With a dividend yield that places it neither at the top nor the bottom, Weis Markets finds itself in the middle among its industry peers, while Village Super Market boasts the highest annualized dividend yield at 4.20%.

The increase in both dividend per share and earnings per share from 2019 to 2022 for Weis Markets indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.

To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.

\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: VLGEA WMK

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