Winmark Corporation Announces Increase in Cash Dividend

Rhea-AI Summary

Winmark (Nasdaq: WINA) has announced an increase in its regular quarterly cash dividend to shareholders. The dividend of $0.90 per share is a $0.10 increase from the previous rate. The cash dividend will be paid on June 3, 2024, to shareholders of record on May 15, 2024. Winmark is a franchising business with a focus on sustainability and small business formation, operating award-winning resale franchises like Plato’s Closet, Once Upon A Child, and others.

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 $0.90 per share represents an increase of $0.10 from its previous dividend rate. The cash dividend will be paid June 3, 2024 to shareholders of record on the close of business on May 15, 2024. 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 30, 2024, there were 1,327 franchises in operation and over 2,800 available territories. An additional 73 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416774847/en/

Anthony D. Ishaug

763/520-8500

Source: Winmark Corporation

FAQ

What is the new quarterly cash dividend per share announced by Winmark (WINA)?

Winmark has announced a new quarterly cash dividend of $0.90 per share, representing a $0.10 increase from the previous rate.

When will the cash dividend be paid to shareholders of Winmark (WINA)?

The cash dividend will be paid on June 3, 2024, to shareholders of record on May 15, 2024.

What is Winmark 's focus as a franchising business?

Winmark focuses on sustainability and small business formation, operating resale franchises like Plato’s Closet, Once Upon A Child, and others.