Winmark Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Winmark Corporation (NASDAQ: WINA) has declared a quarterly cash dividend of $0.45 per share, set to be distributed on March 1, 2022. Shareholders who are on record by the close of business on February 9, 2022 will be eligible for this payment. Winmark operates a franchise business focused on sustainability, with 1,271 franchises currently active and over 2,800 territories available. The company continues to support small business formation through its award-winning resale franchises.

Positive

• Quarterly dividend of $0.45 per share enhances shareholder income.
• 1,271 active franchises indicate stable business operations.
• Focus on sustainability and small business formation strengthens market position.

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 $0.45 per share will be paid March 1, 2022 to shareholders of record on the close of business on February 9, 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 December 25, 2021, there were 1,271 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/20220126005599/en/

Brett D. Heffes

763/520-8500

Source: Winmark Corporation

FAQ

What is the dividend amount declared by Winmark Corporation?

Winmark Corporation has declared a quarterly cash dividend of $0.45 per share.

When will the dividend be paid to shareholders of Winmark Corporation?

The dividend will be paid on March 1, 2022.

What is the record date for Winmark Corporation's dividend?

The record date for the dividend is February 9, 2022.

How many franchises does Winmark Corporation currently operate?

Winmark Corporation currently operates 1,271 franchises.

Is the dividend from Winmark Corporation sustainable?

Future dividends are subject to Board approval, indicating that sustainability depends on ongoing business performance.