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Weis Markets Approves Increased Quarterly Dividend of $.30; Special One-Time Dividend of $1

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Weis Markets, Inc.'s (NYSE: WMK) Board of Directors today declared a quarterly dividend of $.30 per share and a special one-time dividend of $1 per share to shareholders of record as of November 1, 2011, payable on November 21, 2011.

Commenting on the increased quarterly and special dividend, Weis Markets Chairman Robert F. Weis said the Company was taking steps to reward shareholders. At the same time, he said the Company continues to grow organically and through acquisitions. Currently, the Company is approximately three-quarters through its aggressive $100 million 2011 capital expansion plan.

 

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