Winmark Corporation Announces Quarterly Dividend of $0.96 (NASDAQ:WINA)

Winmark Corporation (NASDAQ:WINA - Get Free Report) announced a quarterly dividend on Tuesday, July 15th, RTT News reports. Investors of record on Wednesday, August 13th will be paid a dividend of 0.96 per share by the specialty retailer on Tuesday, September 2nd. This represents a $3.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 13th.

Winmark has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings.

Winmark Stock Performance

Winmark stock traded down $6.52 during midday trading on Friday, reaching $375.33. The stock had a trading volume of 54,088 shares, compared to its average volume of 59,361. The firm's fifty day simple moving average is $406.31 and its 200-day simple moving average is $372.37. Winmark has a 1-year low of $295.79 and a 1-year high of $459.93. The stock has a market capitalization of $1.33 billion, a P/E ratio of 33.42 and a beta of 0.56.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.01. The firm had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.

Insider Buying and Selling at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the transaction, the chief financial officer owned 56,683 shares of the company's stock, valued at $24,144,123.85. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WINA. Royal Bank of Canada boosted its stake in shares of Winmark by 7.7% during the 1st quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer's stock worth $3,143,000 after acquiring an additional 708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Winmark by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer's stock worth $552,000 after acquiring an additional 77 shares during the period. Dynamic Technology Lab Private Ltd boosted its stake in shares of Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock worth $243,000 after acquiring an additional 206 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Winmark by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer's stock worth $6,764,000 after acquiring an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Winmark by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock worth $1,987,000 after acquiring an additional 386 shares during the period. Institutional investors and hedge funds own 73.32% of the company's stock.

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.