Winmark announces 90c quarterly dividend, $7.50 per share special dividend

Winmark announced today that its board of directors has approved the payment of a quarterly cash dividend to shareholders of 90c per share, to be paid on December 2 to shareholders of record on the close of business on November 13. Additionally, the board has approved the payment of a special dividend to shareholders. The special dividend of $7.50 per share will be paid on December 2 to shareholders of record on the close of business on November 13. “The total amount of the special dividend will be approximately $26.4M based on the current number of shares outstanding. It is anticipated that Winmark will use cash on hand to finance the special dividend. Future dividends will be subject to board approval,” the company stated.