Winmark Corporation Announces Cash Dividend

Rhea-AI Summary

Winmark Corporation (Nasdaq: WINA) has declared a quarterly cash dividend of $0.25 per share, payable on March 1, 2021, to shareholders recorded as of the close of business on February 10, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders. As of December 26, 2020, Winmark operates 1,264 franchises across brands like Plato’s Closet® and Play It Again Sports®, with 30 additional franchises awarded but not yet opened. Future dividends are contingent upon Board approval.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder income.
• Strong franchise network with 1,264 operational franchises indicates robust business performance.

Negative

• None.

Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.25 per share will be paid March 1, 2021 to shareholders of record on the close of business on February 10, 2021. Future dividends will be subject to Board approval.

Winmark Corporation creates, supports and finances business. At December 26, 2020, there were 1,264 franchises in operation under the brands Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. An additional 30 retail franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005586/en/

FAQ

When is the next dividend payment for WINA?

The next dividend payment for WINA is scheduled for March 1, 2021.

What is the amount of WINA's quarterly dividend?

WINA's quarterly dividend is $0.25 per share.

Who qualifies for the dividend from WINA?

Shareholders on record as of the close of business on February 10, 2021, will qualify for the dividend.

Are future dividends from WINA guaranteed?

Future dividends are subject to approval by Winmark's Board of Directors.