Winmark Corporation, a nationally recognized franchising business focused on sustainability and small business formation, announces a 14% increase in its regular quarterly cash dividend to shareholders
Dividends
April 19, 2023
Winmark Corporation, the nationally recognized franchising business focused on sustainability and small business formation, announced today that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders.
The quarterly dividend of $0.80 per share represents an increase of $0.10 from its previous dividend rate. This marks a 14% increase in the dividend payout, reflecting the company's solid financial performance and strong balance sheet.
The cash dividend will be paid on June 1, 2023, to shareholders of record on the close of business on May 17, 2023. Future dividends will be subject to Board approval.
Winmark Corporation, also known as The Resale Company®, is a franchisor of five retail store brands that buy, sell, and trade used merchandise. The company has been operating since 1988 and has a nationwide presence with over 1,297 franchises in operation and over 2,800 available territories as of April 1, 2023. The company has a history of consistent dividend payments and has demonstrated a commitment to returning value to shareholders.
The dividend increase announcement is good news for Winmark Corporation shareholders, as it reflects the company's strong financial performance and commitment to shareholder value. Investors who are looking for a company with a solid track record of dividend payments and a focus on sustainability and small business formation may want to consider investing in Winmark Corporation.
Members of LevelFields received the alert of this event on April 19, 11:50 AM ET
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions,and let LevelFields help you become a better trader.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.