Posted
[Ed. note: The following is an excerpt of a press release. -J]
Six Flags Entertainment Corporation announced today that its board of directors has approved a two-for-one split of the company's common stock in the form of a stock dividend of one share for each outstanding share. The number of Six Flags Entertainment Corporation's outstanding common shares will double to approximately 54 million. On June 27, 2011, each shareholder of record at the close of business on June 15, 2011 will receive an additional share of stock for each outstanding share.
The company's board of directors also declared a quarterly cash dividend of six cents per share of common stock to shareholders of record as of May 31, 2011. The dividend will be payable June 13, 2011.
Read the entire press release on PR Newswire.