Winmark Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Winmark (Nasdaq: WINA) has announced a quarterly cash dividend of $0.90 per share, payable on September 3, 2024, to shareholders of record as of August 14, 2024. The company, known as 'the Resale Company®', specializes in franchising resale businesses focused on sustainability and small business formation.

Winmark's portfolio includes popular franchise brands such as Plato's Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®. As of June 29, 2024, Winmark had 1,336 franchises in operation, over 2,800 available territories, and an additional 77 awarded franchises yet to open.

Positive

• Quarterly dividend of $0.90 per share announced
• 1,336 franchises in operation as of June 29, 2024
• Over 2,800 available territories for potential expansion
• 77 additional franchises awarded but not yet open

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 $0.90 per share will be paid on September 3, 2024 to shareholders of record on the close of business on August 14, 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 June 29, 2024, there were 1,336 franchises in operation and over 2,800 available territories. An additional 77 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716794253/en/

Anthony D. Ishaug

763/520-8500

Source: Winmark Corporation

FAQ

When will Winmark (WINA) pay its next quarterly dividend?

Winmark (WINA) will pay its next quarterly dividend of $0.90 per share on September 3, 2024.

What is the record date for Winmark 's (WINA) upcoming dividend?

The record date for Winmark 's (WINA) upcoming dividend is August 14, 2024.

How many franchises does Winmark (WINA) have in operation as of June 29, 2024?

As of June 29, 2024, Winmark (WINA) has 1,336 franchises in operation.

What are the franchise brands owned by Winmark (WINA)?

Winmark (WINA) owns franchise brands including Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round.