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.
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
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.------------------
Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM
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.
Agreed. My accountant finds that irritating as well!------------------
Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM
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.
Yes, because the company itself isn't taxed, it's passed through to the unit holders.------------------
Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM
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