Winmark Corporation announced that its board of directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of 25 cents per share will be paid June 3 to shareholders of record on the close of business on May 8. Future dividends will be subject to board approval.
At March 30, Winmark Corporation had 1,241 franchises in operation under the brands Plato’s Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. An additional 46 retail franchises have been awarded but are not open. In addition, on March 30, the company had a lease portfolio of $35.1 million.