Winmark Corporation (WINA) will raise its quarterly dividend by 36.4 percent to $0.15 per share in the second quarter of 2018. Last year the dividend was hiked from $0.10 to $0.11 per share quarterly.

The cash dividend will be paid June 1, 2018 to shareholders of record on the close of business on May 9, 2018. The new dividend yield for WINA is 0.5% based on the current stock price of $132.

Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade gently used merchandise and a limited amount of new merchandise to customers. The company's franchised retail brands are Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore and Music Go Round. Winmark operates franchised stores across the United States and Canada and also provides franchise consulting and advisory services through Winmark Franchise Partners. Also the company operates a middle-market equipment leasing business through our wholly owned subsidiary, Winmark Capital Corporation. Additionally, Winmark operates a small-ticket financing business through its wholly owned subsidiary, Wirth Business Credit, Inc.