Cedar Fair distribution maintained despite slight decrease in operating profit
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Cedar Fair said in a press release that it will maintain its annualized distribution rate of $1.80 per unit this quarter despite the expectation of slightly lower full-year operating profit.
Read the press release from Cedar Fair.
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This is insanely good news. This is what I was most worried about after the purchase of Geauga Lake, because to me it's what makes Cedar Fair such a good buy. The price may go up and down, but the distribution delivers.
i have this in my IRA account and i am so happy that I do. It has great constant performance. What are the perks that we get as stock holders. Any one have this in their portfolio?
Yes ScubaSteve. I have owned CF stock for about 4 years. Not too many perks........they do send out vouchers for tickets and accomodation, though since I am also a season pass holder, I only use them if I have guests from out of town or something like that.
How did you get it as part of your IRA? I just own it as regular stock.
The perk is a $1.80 per unit every year. At the current price that's around a 6% return per year. That ain't bad these days.
Yea, fill me in too. I thought about getting stock for a year or two now but never really got beyond the "I want to get some stock" stage. What are the basic steps.I know you need to get a broker but beyond that I'm clueless.
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