dividend
confidence high
sentiment positive
materiality 0.75
Weyco Group declares special $2.00/sh dividend, ~$19M total outlay
WEYCO GROUP INC
- Board declared a one-time cash dividend of $2.00 per share on November 5, 2024.
- Total cash outlay approximately $19 million, paid from excess cash on balance sheet.
- Dividend payable January 2, 2025 to shareholders of record November 18, 2024.
- CEO cites strong financial performance and cash buildup beyond operating needs.