Winmark Corporation Announces Increase in Cash Dividend

Rhea-AI Summary

Winmark Corporation (NASDAQ: WINA) has announced an increase in its quarterly cash dividend to $0.70 per share, up by $0.25 from the previous rate. This dividend will be paid on June 1, 2022 to shareholders on record as of May 11, 2022. Winmark focuses on sustainability and supports franchise operations for its brands, with 1,276 franchises currently operational and over 2,800 territories available.

Positive

• Quarterly cash dividend increased to $0.70 per share, representing a $0.25 increase.
• Confidence in financial stability with an increase in dividend payouts.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of $0.70 per share represents an increase of $0.25 from its previous dividend rate. The cash dividend will be paid June 1, 2022 to shareholders of record on the close of business on May 11, 2022. Future dividends will be subject to Board approval.

Winmark – the Resale Company®, is a nationally recognized franchising business focused on sustainability and small business formation. We champion and guide entrepreneurs interested in operating one of our award winning resale franchises: Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore® and Music Go Round®. At March 26, 2022, there were 1,276 franchises in operation and over 2,800 available territories. An additional 44 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220413005685/en/

Brett D. Heffes

763/520-8500

Source: Winmark Corporation

FAQ

What is the new quarterly dividend amount for Winmark Corporation?

The new quarterly dividend amount is $0.70 per share.

When will Winmark's dividend be paid?

The dividend will be paid on June 1, 2022.

What is the record date for Winmark's dividend?

The record date for the dividend is May 11, 2022.

How many franchises does Winmark currently operate?

Winmark currently operates 1,276 franchises.

How many territories are available for Winmark franchises?

There are over 2,800 available territories for Winmark franchises.