Winmark Corporation Announces Quarterly Cash Dividend And Special Dividend Of $9.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
Winmark Corporation (NASDAQ:WINA) has announced a quarterly cash dividend of $0.80 per share and a special dividend of $9.40 per share, to be paid on December 1, 2023. The total amount of the special dividend payment will be approximately $32.8 million. The company plans to use cash on hand to finance the special dividend. The total dividends paid per share in 2023 will be $12.50, compared to $5.55 per share in 2022.
October 18, 2023 | 3:45 pm
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Winmark's announcement of a significant increase in dividends for 2023 could potentially attract more investors, leading to a short-term increase in the stock price.
Dividends are a key factor that investors consider when choosing stocks. The significant increase in Winmark's dividends for 2023, including a special dividend, indicates a strong financial position and could attract more investors, leading to a potential increase in demand for the stock and a short-term increase in the stock price.
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