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MINNEAPOLIS - Winmark Corporation (NASDAQ:WINA), a company with a $1.31 billion market capitalization and impressive 16-year track record of consistent dividend payments, announced Tuesday that its Board of Directors has approved a quarterly cash dividend of $0.96 per share, to be paid on September 2, 2025, to shareholders of record as of the close of business on August 13, 2025. The current dividend yield stands at 3.28%.
The company, which describes itself as "the Resale Company," noted in its press release statement that future dividends will be subject to Board approval. According to InvestingPro analysis, Winmark maintains strong financial health with a 96.11% gross profit margin and robust cash flows that easily cover its obligations.
Winmark operates as a franchising business with a focus on sustainability and small business formation. The company’s franchise portfolio includes Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round.
As of June 28, 2025, Winmark reported 1,371 franchises in operation across its brands, with over 2,800 available territories. The company also disclosed that an additional 77 franchises have been awarded but are not yet operational.
In other recent news, Winmark Corporation has announced a significant increase in its quarterly cash dividend, raising it to $0.96 per share, up by $0.06 from the previous rate. This decision underscores the company’s financial stability and commitment to shareholder value, with the dividend set to be paid on June 2, 2025, to those on record by May 14, 2025. In addition, Winmark held its Annual Shareholders meeting where key governance decisions were made, including setting the board size at seven members and re-electing all nominees. Brett D. Heffes received the highest number of votes among the directors. Shareholders also voted in favor of an annual advisory vote on executive compensation, reflecting a preference for more frequent oversight. Furthermore, Grant Thornton, LLP was ratified as the independent registered public accounting firm for the 2025 fiscal year. These developments highlight Winmark’s ongoing efforts to align with shareholder interests and maintain sound governance practices.
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