Weis Markets Keeps Dividend Steady

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Mid-Atlantic grocery store chain Weis Markets announced yesterday its third-quarter dividend of $0.30 per share, the same rate it's paid for the past six quarters.

The board of directors said the quarterly dividend is payable on Aug. 5 to the holders of record at the close of business on July 22. The grocery store chain has made quarterly payouts to investors since at least 1991. It paid a special dividend of $1.30 per share in December 2011.

The regular dividend payment equates to a $1.20-per-share annual dividend, yielding 2.5% based on the closing price of Weis Markets' stock on July 11.

WMK Dividend Chart

WMK Dividend data by YCharts
Chart reflects special dividend payment made in December 2011

The article Weis Markets Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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