Winmark Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Winmark Corporation (Nasdaq: WINA) has declared a quarterly cash dividend of $0.70 per share, to be paid on September 1, 2022. This dividend will benefit shareholders on record as of August 10, 2022. As of June 25, 2022, Winmark operates 1,293 franchises and has over 2,800 territories available for its brands including Plato’s Closet and Once Upon A Child. Future dividends will require Board approval.

Positive

• Quarterly cash dividend of $0.70 per share announced.
• 1,293 franchises in operation, indicating robust business growth.
• Over 2,800 available territories, showing expansion potential.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- 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 $0.70 per share will be paid September 1, 2022 to shareholders of record on the close of business on August 10, 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 June 25, 2022, there were 1,293 franchises in operation and over 2,800 available territories. An additional 46 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005604/en/

Brett D. Heffes

763/520-8500

Source: Winmark Corporation

FAQ

What is the amount of the dividend declared by Winmark Corporation in 2022?

Winmark Corporation declared a quarterly cash dividend of $0.70 per share.

When will the dividend be paid to Winmark shareholders?

The dividend will be paid on September 1, 2022.

What is the record date for Winmark's dividend?

The record date for the dividend is August 10, 2022.

How many franchises does Winmark Corporation operate?

Winmark operates 1,293 franchises as of June 25, 2022.

Are future dividends by Winmark Corporation guaranteed?

Future dividends are subject to Board approval.