Weyco Group Raises Quarterly Dividend After 37-Year Growth Run

Weyco Group, Inc. raised its quarterly dividend to $0.28 per share from $0.27, a 3.7% increase, with the shares trading ex-dividend on May 19, 2026. The move extends the footwear company’s dividend-growth streak to 37 consecutive years.

The new payout gives Weyco an annual dividend of $1.09 per share and a forward annual yield of 3.03%, based on a share price of $35.92. The company, which trades under the ticker WEYS, has a market capitalization of $342.4 million and carries a dividend safety score of 86 out of 100, or an A grade. Weyco previously cut its dividend in 2005.

Business Context

Weyco designs and markets footwear under brands including Florsheim, Nunn Bush, Stacy Adams, BOGS, Forsake and Rafters, and sells through footwear, department and specialty stores worldwide, according to the company’s investor profile at WeycoGroup.com. The company also operates Florsheim concept stores in the United States, Australia and other international markets.

The dividend increase comes against a mixed backdrop for the small-cap consumer cyclical company. Weyco has recently drawn attention because of its Florsheim brand and because of trade-policy exposure. Investopedia reported in March that Weyco’s latest earnings update showed lower fourth-quarter sales, reflecting price increases and weaker North American wholesale volume. The same report said company executives had discussed tariff-driven cost pressure and continued uncertainty around costs in 2026.

Separately, Business Insider reported that Weyco filed a lawsuit seeking refunds tied to tariffs, highlighting how import costs remain a material issue for footwear companies with overseas sourcing.

What It Means for Income Investors

For income-focused investors, the increase is modest but continues Weyco’s long record of annual dividend growth. The 3.03% forward yield sits on a payout from a niche branded-footwear company rather than a broad consumer staple, so the durability of the dividend remains tied to demand for its brands, wholesale trends, retail execution and the company’s ability to manage tariff and sourcing costs. The A safety grade indicates a currently strong dividend profile, while the 2005 cut is a reminder that the payout has not been uninterrupted across all market cycles.