Winmark Co. (NASDAQ:WINA) Plans Quarterly Dividend of $0.90

Winmark Co. (NASDAQ:WINA) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.90 per share by the specialty retailer on Monday, June 3rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, May 14th. This is an increase from Winmark’s previous quarterly dividend of $0.80.

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

Winmark Stock Performance

Shares of NASDAQ WINA traded down $2.50 during mid-day trading on Thursday, reaching $366.00. The company had a trading volume of 40,760 shares, compared to its average volume of 28,285. Winmark has a twelve month low of $308.92 and a twelve month high of $451.30. The stock has a market capitalization of $1.28 billion, a PE ratio of 34.64 and a beta of 0.85. The stock’s 50 day moving average is $362.43 and its 200-day moving average is $390.42.

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

Hedge Funds Weigh In On Winmark

Several hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in Winmark by 559.1% during the second quarter. Quantbot Technologies LP now owns 1,160 shares of the specialty retailer’s stock valued at $226,000 after acquiring an additional 984 shares during the period. LPL Financial LLC bought a new stake in Winmark during the fourth quarter valued at about $214,000. Verition Fund Management LLC bought a new stake in Winmark during the fourth quarter valued at about $210,000. Gabelli Funds LLC bought a new stake in Winmark during the fourth quarter valued at about $209,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Winmark by 167.7% during the second quarter. BNP Paribas Arbitrage SA now owns 1,044 shares of the specialty retailer’s stock valued at $204,000 after acquiring an additional 654 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

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.