Winmark Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Winmark Corporation (Nasdaq: WINA) has approved the payment of a quarterly cash dividend of $0.80 per share. The dividend will be paid on September 1, 2023, to shareholders of record on August 16, 2023. Winmark is a franchising business with 1,303 franchises in operation and over 2,800 available territories.

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 $0.80 per share will be paid on September 1, 2023 to shareholders of record on the close of business on August 16, 2023. 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 July 1, 2023, there were 1,303 franchises in operation and over 2,800 available territories. An additional 70 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230719654653/en/

Anthony D. Ishaug

763/520-8500

Source: Winmark Corporation

FAQ

What is the dividend amount approved by Winmark Corporation?

Winmark Corporation has approved a quarterly cash dividend of $0.80 per share.

When will the dividend be paid?

The dividend will be paid on September 1, 2023.

Who are eligible to receive the dividend?

Shareholders of record on August 16, 2023, are eligible to receive the dividend.

How many franchises does Winmark Corporation have in operation?

As of July 1, 2023, Winmark Corporation has 1,303 franchises in operation.

How many available territories does Winmark Corporation have?

Winmark Corporation has over 2,800 available territories.