Winmark Co. (NASDAQ:WINA) Raises Dividend to $0.96 Per Share

Winmark Co. (NASDAQ:WINA - Get Free Report) announced a quarterly dividend on Wednesday, April 16th, RTT News reports. Shareholders 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 yield of 1.09%. 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. Winmark has a payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings.

Winmark Trading Up 2.2 %

Shares of NASDAQ WINA traded up $7.45 during mid-day trading on Monday, hitting $351.41. The company had a trading volume of 38,066 shares, compared to its average volume of 24,041. Winmark has a one year low of $295.79 and a one year high of $431.67. The company has a market capitalization of $1.24 billion, a PE ratio of 32.27 and a beta of 0.64. The firm has a 50-day simple moving average of $331.53 and a two-hundred day simple moving average of $371.10.

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

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.