Winmark Corporation (NASDAQ:WINA) to Issue Quarterly Dividend of $0.96

Winmark Corporation (NASDAQ:WINA) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Wednesday, February 11th will be given a dividend of 0.96 per share by the specialty retailer on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, February 11th.

Winmark has increased its dividend payment by an average of 0.6%per year over the last three years and has increased its dividend every year for the last 5 years. Winmark has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings.

Winmark Trading Down 0.1%

Winmark stock traded down $0.26 during midday trading on Wednesday, reaching $459.70. 35,592 shares of the stock traded hands, compared to its average volume of 126,238. The firm has a market cap of $1.64 billion, a PE ratio of 40.97 and a beta of 0.69. The company has a 50-day simple moving average of $425.16 and a two-hundred day simple moving average of $432.85. Winmark has a 12-month low of $295.79 and a 12-month high of $527.37.

Hedge Funds Weigh In On Winmark

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in Winmark by 775.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 62 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of Winmark in the 3rd quarter valued at approximately $36,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Winmark in the second quarter valued at approximately $43,000. CWM LLC increased its holdings in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 122 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.