Weis Markets declares quarterly dividend of $0.34 per share

SUNBURY, Pa. - Weis Markets, Inc. (NYSE:WMK) announced Thursday that its Board of Directors has declared a quarterly dividend of $0.34 per share, representing a 1.76% yield. The dividend will be payable on August 11, 2025, to shareholders of record as of July 28, 2025. According to InvestingPro, Weis Markets has maintained dividend payments for 55 consecutive years, demonstrating strong commitment to shareholder returns.

Weis Markets, a Mid-Atlantic food retailer, currently operates 199 stores across Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia, and West Virginia.

The company, founded in 1912, made the announcement in a press release statement issued Thursday.

In other recent news, Weis Markets announced the purchase of 2,153,846 of its own shares at a price significantly below recent trading values. The transaction, valued at $140 million, was conducted privately with trusts connected to the Weis family. This buyback, priced at about $65 per share, was part of an agreement to assist the family in meeting estate tax obligations. Despite the sale, the Weis family maintains a controlling interest, owning about 61% of the company’s stock. Additionally, Weis Markets shareholders elected all five director nominees at the company’s annual meeting. The election results were overwhelmingly in favor, with no votes cast against any nominees. Shareholders also ratified RSM US LLP as the independent registered public accounting firm for fiscal year 2025. The voting results, reflecting strong shareholder confidence, are detailed in the company’s SEC filing.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Weis Markets declares quarterly dividend of $0.34 per share

Weis Markets, Inc. (NYSE:WMK) announced a quarterly dividend of $0.34 per share, representing a 1.76% yield, payable on August 11, 2025, to shareholders of record as of July 28, 2025. The company, a Mid-Atlantic food retailer with 199 stores across multiple U.S. states, has maintained dividend payments for 55 consecutive years. It also announced a $140 million stock buyback of 2,153,846 shares at $65 per share, part of an agreement to assist the Weis family in meeting estate tax obligations. The Weis family retains 61% ownership, and shareholders elected all five director nominees at the annual meeting, ratifying RSM US LLP as the independent accounting firm for 2025.