Cedar Fair maintains quarterly distribution

Posted | Contributed by Jeff

Cedar Fair Entertainment Company, publicly traded leader in regional amusement resorts, water parks and active entertainment, today announced the declaration of a regular quarterly cash distribution of 47 cents per limited-partner unit, continuing the company’s annualized distribution rate of $1.88 per unit.

Read the press release from Cedar Fair.

Thank you again Cedar Fair.

With their closet competitor in size is Six Flags; Cedar Fair is doing very well.

I wonder how long it will be before they can hike it up again. I'm sure they'd never speculate in public, but I'm sure they have some date in mind.

Always good news. Now if my 401k would allow this stock as an option, my retirement would be set. :)

As for raising the dividend, I expect we'll see a 4¢ per year (1¢ per distribution) raise after every $500 million of the debt is paid off. Beyond that, every other distribution for a while.

Since they're required to pay out so much to qualify as an LP for tax purposes, I guess they need to increase earnings to be able to increase the distribution. It would be nice to see the stock break through $30 a unit. Seems like it took forever to get back above 28-- it would get there, then drop back again the next couple of days.

BTW, anybody heard anything more about the additional shares that were supposed to be made available? Guess it was early summer when that was first mentioned.

How about a 2-for-1 split? That'd be a nice, quick way to double the distribution without "officially" doubling it. :)

Uh, the distribution splits too.

Right, because the amount being paid out would be spread over twice as many shares as before. If/when the company has more money available to distribute, they'll raise the dividend. The 6.5-7 percent, which they're giving now is pretty darn good.

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