Winmark Co. (NASDAQ:WINA) to Issue Dividend Increase – $0.90 Per Share

Winmark Co. (NASDAQ:WINA) declared a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.90 per share by the specialty retailer on Monday, June 3rd. This represents a $3.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from Winmark’s previous quarterly dividend of $0.80.

Winmark has increased its dividend payment by an average of 57.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Winmark Stock Down 0.7 %

NASDAQ:WINA traded down $2.50 on Thursday, hitting $366.00. The stock had a trading volume of 40,760 shares, compared to its average volume of 28,285. The business’s fifty day moving average is $362.43 and its 200 day moving average is $390.42. The company has a market cap of $1.28 billion, a PE ratio of 33.18 and a beta of 0.85. Winmark has a 52 week low of $308.92 and a 52 week high of $451.30.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share (EPS) for the quarter. The business had revenue of $20.11 million for the quarter. Winmark had a negative return on equity of 83.98% and a net margin of 48.27%.

Institutional Trading of Winmark

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Winmark by 91.3% in the third quarter. Tower Research Capital LLC TRC now owns 132 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 63 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Winmark in the first quarter worth approximately $47,000. Acadian Asset Management LLC purchased a new stake in shares of Winmark in the first quarter worth approximately $55,000. State of Wyoming raised its stake in shares of Winmark by 864.3% in the fourth quarter. State of Wyoming now owns 270 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 242 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its position in shares of Winmark by 46.6% during the first quarter. First Manhattan CO. LLC. now owns 346 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 110 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

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.