Dividend Increases for Ninth Consecutive Year at Six Flags
GRAND PRAIRIE, Texas--(BUSINESS WIRE)--Nov 18, 2019--
Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that its board of directors declared a fourth quarter cash dividend of $0.83 per share of common stock payable to shareholders of record as of November 29, 2019. The dividend will be paid December 9, 2019.
“Our capital allocation policy remains a key component of our value offering,” said Richard Roedel, Chairman of the Board. “We are committed to maintaining a healthy dividend and returning all remaining excess cash flow to shareholders in the form of share repurchases.”
Mike Spanos, President and CEO, added, “We are building a sustainable business model that generates robust and recurring cash flow, which, together with our healthy balance sheet, ensures a compelling long-term income stream for investors.”
The new dividend represents a one percent increase on an annualized basis, and the company’s tenth increase over the last nine years. Since 2010, the company has returned more than $3.7 billion to shareholders in the form of dividends and share repurchases.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of waterparks in North America, with $1.5 billion in revenue and 26 parks across the United States, Mexico and Canada. For 58 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling waterparks and unique attractions. For more information, visit www.sixflags.com.
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CONTACT: Stephen Purtell
Senior Vice President
Investor Relations and Treasurer
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: THEME PARKS ENTERTAINMENT
SOURCE: Six Flags Entertainment Corporation
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PUB: 11/18/2019 08:00 AM/DISC: 11/18/2019 08:00 AM