In a recent press release, Weis Markets, Inc.(NYSE: WMK) announced a quarterly cash dividend of $0.34 per share to shareholders of record.This news comes amidst a period of fluctuating share prices for the company, with shares dropping by 1.33% in February and year-to-date performance sitting at -7.46%. Additionally, Weis Markets Inc shares are currently trading just 3.5% above their 52-week low.
The declaration of the dividend is sure to have an impact on shareholders, providing them with a return on their investment in the company.However, the recent share price volatility may also be cause for concern among investors.It will be interesting to see how shareholders react to this news and how it may affect Weis Markets’ stock performance in the coming weeks.
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