Winmark Corporation Announces Cash Dividend

By: Winmark Corporation | 2 Shares 79 Reads

MINNEAPOLIS - July 25,2012 - (BUSINESS WIRE) - Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved the payment of a cash dividend to shareholders. The quarterly dividend of $0.04 per share will be paid on September 4, 2012 to shareholders of record on the close of business on August 8, 2012. Future dividends will be subject to Board approval.

Winmark Corporation creates, supports and finances business. At June 30, 2012, there were 946 franchises in operation under the brands Plato's Closet®, Play It Again Sports®, Once Upon A Child® and Music Go Round®. An additional 60 retail franchises have been awarded but are not open. In addition, at June 30, 2012, the Company had a lease portfolio equal to $32.1 million.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating to future events or the future financial performance of the Company including statements with respect to our ability to finance the growth of our leasing and franchising businesses for the foreseeable future. Such forward-looking statements are only predictions or statements of intention subject to risks and uncertainties and actual events or results could differ materially from those anticipated. Because actual result may differ, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements.