Winmark Co. (WINA) to Issue Quarterly Dividend of $8.40 on December 2nd

Winmark Co. (NASDAQ:WINA) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 8.40 per share by the specialty retailer on Monday, December 2nd. This represents a $33.60 annualized dividend and a dividend yield of 8.80%. The ex-dividend date is Wednesday, November 13th. This is an increase from Winmark’s previous quarterly dividend of $0.90.

Winmark has increased its dividend by an average of 57.1% per year over the last three years. Winmark has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings.

Winmark Trading Up 1.5 %

Shares of WINA stock opened at $382.02 on Friday. The company’s fifty day moving average price is $366.39 and its 200-day moving average price is $364.50. The stock has a market cap of $1.34 billion, a PE ratio of 34.89 and a beta of 0.79. Winmark has a 12 month low of $330.25 and a 12 month high of $451.30.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). Winmark had a negative return on equity of 85.12% and a net margin of 48.57%. The company had revenue of $21.51 million during the quarter.

Insider Buying and Selling at Winmark

In related news, Director Lawrence A. Barbetta sold 2,412 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total transaction of $953,463.60. Following the completion of the sale, the director now owns 4,522 shares of the company’s stock, valued at $1,787,546.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lawrence A. Barbetta sold 2,412 shares of Winmark stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $395.30, for a total value of $953,463.60. Following the completion of the sale, the director now directly owns 4,522 shares in the company, valued at approximately $1,787,546.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence A. Barbetta sold 124 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $403.34, for a total transaction of $50,014.16. Following the sale, the director now directly owns 6,934 shares in the company, valued at approximately $2,796,759.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,119 shares of company stock worth $1,239,645. 10.60% of the stock is owned by corporate insiders.

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.