Winmark Co. (NASDAQ:WINA) Plans Quarterly Dividend of $8.40

Winmark Co. (NASDAQ:WINA) announced a quarterly dividend on Wednesday, October 16th,Zacks Dividends 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 7.97%. The ex-dividend date is Wednesday, November 13th. This is a boost from Winmark’s previous quarterly dividend of $0.90.

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

Winmark Stock Performance

WINA stock opened at $421.48 on Tuesday. The company’s 50 day moving average price is $374.03 and its 200 day moving average price is $368.44. Winmark has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 38.56 and a beta of 0.80.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The business had revenue of $21.51 million during the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Insiders Place Their Bets

In other news, CFO Anthony D. Ishaug sold 2,400 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $382.59, for a total transaction of $918,216.00. Following the completion of the sale, the chief financial officer now directly owns 53,875 shares of the company’s stock, valued at $20,612,036.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Winmark news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction on Friday, October 25th. The stock was sold at an average price of $380.11, for a total value of $570,165.00. Following the completion of the transaction, the chief operating officer now owns 15,060 shares in the company, valued at approximately $5,724,456.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony D. Ishaug sold 2,400 shares of Winmark stock in a transaction on Friday, October 18th. The stock was sold at an average price of $382.59, for a total value of $918,216.00. Following the sale, the chief financial officer now directly owns 53,875 shares of the company’s stock, valued at approximately $20,612,036.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by 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.