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Winmark Corporation (NASDAQ:WINA) announced today that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders. The quarterly dividend of $0.80 per share will be paid December 1, 2023 to shareholders of record on the close of business on November 15, 2023.
Additionally, the Board of Directors has approved the payment of a special dividend to shareholders. The special dividend of $9.40 per share will be paid on December 1, 2023 to shareholders of record on the close of business on November 15, 2023. The total amount of the special dividend payment will be approximately $32.8 million 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 declaration of these dividends will bring the total dividends paid per share in calendar year 2023 to $12.50 compared to $5.55 per share in 2022.
Posted In: WINA
