Winmark Co. (NASDAQ:WINA) Increases Dividend to $8.40 Per Share

Winmark Co. (NASDAQ:WINA - Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 8.40 per share by the specialty retailer on Monday, December 2nd. This represents a $33.60 annualized dividend and a yield of 8.71%. 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 payment by an average of 57.1% annually over the last three years. Winmark has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings.

Winmark Price Performance

NASDAQ:WINA traded up $3.75 during trading hours on Friday, hitting $385.77. The company had a trading volume of 17,083 shares, compared to its average volume of 27,410. Winmark has a 52 week low of $330.25 and a 52 week high of $451.30. The company has a market capitalization of $1.35 billion, a PE ratio of 34.89 and a beta of 0.79. The stock has a 50-day moving average price of $366.39 and a 200 day moving average price of $364.50.

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

Insider Activity

In other Winmark news, Director Lawrence A. Barbetta sold 583 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $405.09, for a total value of $236,167.47. Following the completion of the transaction, the director now owns 7,058 shares in the company, valued at approximately $2,859,125.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Lawrence A. Barbetta sold 583 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $405.09, for a total value of $236,167.47. Following the sale, the director now directly owns 7,058 shares of the company's stock, valued at $2,859,125.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $953,463.60. Following the transaction, the director now directly owns 4,522 shares of the company's stock, valued at approximately $1,787,546.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,119 shares of company stock worth $1,239,645 in the last quarter. 10.60% of the stock is owned by company 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.