Winmark Corporation Announces Quarterly Cash Dividend and Special Dividend
October 16 2024 - 11:27AM
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 December 2, 2024 to shareholders of record on the
close of business on November 13, 2024.
Additionally, the Board of Directors has approved the payment of
a special dividend to shareholders. The special dividend of $7.50
per share will be paid on December 2, 2024 to shareholders of
record on the close of business on November 13, 2024. The total
amount of the special dividend will be approximately $26.4 million
based on the current number of shares outstanding. It is
anticipated that Winmark will use cash on hand to finance the
special dividend. 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 September 28, 2024, there were 1,343
franchises in operation and over 2,800 available territories. An
additional 82 franchises have been awarded but are not open.
This press release contains forward-looking statements within
the meaning of the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
relating to future events or the future financial performance of
the Company. Such forward-looking statements are only predictions
or statements of intention subject to risks and uncertainties and
actual events or results could differ materially from those
anticipated. Because actual result may differ, shareholders and
prospective investors are cautioned not to place undue reliance on
such forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20241015840494/en/
Anthony D. Ishaug 763/520-8500
Winmark (NASDAQ:WINA)
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