Cedar Fair ups quarterly cash distribution 5%

Posted Wednesday, March 12, 2003 6:35 AM | Contributed by Jeff

Cedar Fair announced Monday that quarterly cash distribution will be increased to $.44 per unit. That brings the annualized rate up to $1.76, up .12 from a year ago.

Read the press release.

Wednesday, March 12, 2003 7:06 AM
That makes thier dividend yield approach 8%. Wow. Not many companies can claim that! Kinda beats the 2% money market rates that I'm getting.

If the prospects for the market weren't so bad for the next 1-2 years, I might even jump in. Unfortunately, cash is king right now!

JMHO

Doug

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Wednesday, March 12, 2003 7:12 AM
I've been in for the long haul, and this is the only thing I think I've ever owned that hasn't let me down. The more I buy, the more cash I get every three months. I wouldn't go as far to say that the company can do no wrong, but they're so conservative that I have a hard time thinking they could.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

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Wednesday, March 12, 2003 8:57 AM
YEA!

And, I was finally able to file my tax return because they put the K-1's online. That is the only drawback to owning Cedar Fair. It holds up my whole return.

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Wednesday, March 12, 2003 9:15 AM
Agreed. My accountant finds that irritating as well!

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

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Wednesday, March 12, 2003 11:51 AM
Hate to threadjack, but....

Do they have to report dividends on the K-1 due to thier Limited Partnership status, instead of 1099-DIV like a corporation? If so, seems like a strange accounting rule to me. And a bit of a pain in the butt.

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Wednesday, March 12, 2003 4:03 PM
Yes, because the company itself isn't taxed, it's passed through to the unit holders.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

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