59°Cedar Fair to resume paying investors
Oct 05
2010
On the heels of a successful summer, Cedar Fair has resumed paying cash dividends to investors.
The company announced Tuesday it will pay 25 cents per share on Dec. 15 to investors who, by Dec. 3, are limited partner unit holders of record.
“We hope to provide for a responsible, sustainable and growing distribution to unit holders, beginning today,” Peter Crage, Cedar Fair’s chief financial officer, said in a conference call he and CEO Dick Kinzel held Tuesday morning with financial analysts.
Company officials said they had hoped to provide an annual distribution of $1.25 to $1.75 per share by 2015. That would represent a 10- to 15-percent annual yield based on the current unit price, Crage observed.
But the 2011 distribution is likely to be similar to the one this year, said Stacy Frole, Cedar Fair’s director of investor relations.
She said 2012 will offer the first opportunity for the board to consider resuming quarterly distributions.
Cedar Fair’s unit price closed at $13.84 on Tuesday.
The planned December distribution will be the first cash dividend the company has paid since Nov. 17, 2009, according to a dividend distribution record posted at Cedar Fair’s website.
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05:33 PM
6079 Smith W says
So Cedar Fair (FUN) is a dog with fleas that now barks again to get your attention?
I still wouldn't touch the stock.
There are so many far less volatile offerings out there.
Do you want an equity that pays div'ds and that also has the safety of diversification? Check out (DVY):
http://www.marketwatch.com/investing/fund/dvy
Ya know that sometimes stocks like (FUN) are cheap for a reason and ya get what ya pay for.
The quality stuff may cost a little more, but ultimately it's worth the price.
Leave this mongrel in the pound and get yourself something with better breeding.
04:42 PM
outsider says
Constanza,
Yep, that why people buy stock.
02:54 PM
Cowboy says
So if I had like 100,000 shares, I'd be doing pretty good right now.
01:55 PM
Louie says
Big Deal ooh 25 cents that will pay for a stick of gum maybe .I dont understand why people think Cedar Point is so great I think the whole place is an outdated dump .Nothing but high prices and the same stupid rides go figure the so called thrill seeking morons .These thrill seekers must have more money than brains or they just dont pay bills so they can go here what a joke.