Winmark Co. (NASDAQ:WINA) Announces Dividend Increase – $0.96 Per Share

Winmark Co. (NASDAQ:WINA) announced a quarterly dividend on Wednesday, April 16th, RTT News reports. Stockholders of record on Wednesday, May 14th will be paid a dividend of 0.96 per share by the specialty retailer on Monday, June 2nd. This represents a $3.84 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a 6.7% increase from Winmark’s previous quarterly dividend of $0.90.

Winmark has increased its dividend by an average of 29.8% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Winmark has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings.

Winmark Stock Up 0.6%

NASDAQ WINA opened at $388.39 on Monday. Winmark has a 12-month low of $295.79 and a 12-month high of $431.67. The company has a 50 day moving average price of $335.95 and a two-hundred day moving average price of $370.34. The stock has a market capitalization of $1.37 billion, a PE ratio of 35.66 and a beta of 0.54.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.03). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The company had revenue of $21.92 million during the quarter, compared to the consensus estimate of $20.91 million. During the same period last year, the company earned $2.41 earnings per share.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.