Winmark hikes dividend by 55.6%

Winmark Corporation (WINA) on April 13, 2022 announced a 55.6% dividend increase to 70 cents quarterly per share. The next WINA dividend will be paid on June 1, 2022.  A regular annual rate of $2.80 per share yields 1.4% at a stock price of $204. 

Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade gently used merchandise and a limited amount of new merchandise to customers. The company's franchised retail brands are Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. Winmark operates franchised stores across the United States and Canada and also provides franchise consulting and advisory services through Winmark Franchise Partners. Also the company operates a middle-market equipment leasing business through our wholly owned subsidiary, Winmark Capital Corporation. Additionally, Winmark operates a small-ticket financing business through its wholly owned subsidiary, Wirth Business Credit, Inc. Winmark cut its dividend in 2020 because of COVID-19.