Winmark Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Winmark Corporation (NASDAQ: WINA) announced a quarterly cash dividend of $0.70 per share, set to be paid on March 1, 2023, to shareholders recorded by the close of business on February 8, 2023. This decision reflects the company's commitment to returning income to shareholders. Winmark, recognized for its franchising business, operates 1,295 franchises and offers over 2,800 available territories. The corporation aims to foster sustainability through its award-winning resale franchises, including Plato’s Closet® and Once Upon A Child®. Future dividends will remain subject to Board approval.

Positive

• Quarterly cash dividend of $0.70 per share enhances shareholder income.
• Strong franchise presence with 1,295 franchises in operation.

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 March 1, 2023 to shareholders of record on the close of business on February 8, 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 December 31, 2022, there were 1,295 franchises in operation and over 2,800 available territories. An additional 57 franchises have been awarded but are not open.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005530/en/

Brett D. Heffes

763/520-8500

Source: Winmark Corporation

FAQ

What is the dividend amount for Winmark Corporation in 2023?

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

When will the dividend be paid to shareholders?

The dividend will be paid on March 1, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is February 8, 2023.

How many franchises does Winmark Corporation operate?

Winmark Corporation currently operates 1,295 franchises.