Winmark Corporation Announces Quarterly Cash Dividend and Increase in Share Repurchase Authorization
14 Julio 2021 - 10:51AM
Business Wire
Winmark Corporation (Nasdaq: WINA) announced today that its
Board of Directors has approved the payment of a quarterly cash
dividend to shareholders. The quarterly dividend of $0.45 per share
will be paid September 1, 2021 to shareholders of record on the
close of business on August 11, 2021. Future dividends will be
subject to Board approval.
Winmark also announced today that its Board of Directors has
approved a 400,000 share increase to its existing share repurchase
authorization. This increase represents approximately 11% of
Winmark’s current shares outstanding.
The authorization does not constitute a commitment to repurchase
shares. Winmark may conduct the repurchases through open market
purchases, block trades, negotiated transactions, or any other
manner that complies with the provisions of the Securities and
Exchange Act of 1934, as amended. There is no end date to the share
repurchase program.
Winmark, the Resale Company™, is a nationally recognized
franchising business focused on sustainability and small business
formation. We champion and guide entrepreneurs interested in
operating one of our award winning resale franchises: Plato’s
Closet®, Once Upon A Child®, Play It Again Sports®, Style Encore®
and Music Go Round®. At June 26, 2021, there were 1,266 franchises
in operation and over 2,000 available territories. An additional 36
franchises have been awarded but are not open.
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Brett D. Heffes 763/520-8500
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