Winmark Corporation (Nasdaq: WINA) has announced a quarterly cash dividend of $0.90 per share to be paid on March 3, 2025, to shareholders of record on February 12, 2025. This is indicative of the company's commitment to providing returns to its shareholders.
As of December 28, 2024, Winmark Corporation had 1,350 franchises in operation, with over 2,800 available territories. Additionally, 79 franchises have been awarded but are not yet open. This indicates a significant presence in the franchising business, showcasing the company's growth and expansion in its operations.
This news comes as Winmark Corporation continues to focus on sustainability and small business formation through its franchising business, known as "the Resale Company®." The company champions and guides entrepreneurs interested in operating its award-winning resale franchises, which include Plato’s Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®, and Music Go Round®.
Investors will likely be pleased with the company's performance and its commitment to providing returns through dividends. The announcement of the quarterly cash dividend further underscores the company's financial strength and its ability to generate consistent returns for its shareholders. Following these announcements, the company's shares moved 0.1%, and are now trading at a price of $386.41. For more information, read the company's full 8-K submission here.
