Cedar Fair, L.P. Plans Quarterly Dividend of $0.70 (FUN)
Cedar Fair, L.P. (NYSE:FUN) announced a quarterly dividend on Tuesday, August 19th, Analyst Ratings Network.com reports. Shareholders of record on Thursday, September 4th will be paid a dividend of 0.70 per share on Monday, September 15th. This represents a $2.80 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Tuesday, September 2nd.
On the ratings front, analysts at Hilliard Lyons upgraded shares of Cedar Fair, L.P. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 15th.
Shares of Cedar Fair, L.P. (NYSE:FUN) traded up 2.48% during mid-day trading on Tuesday, hitting $51.61. The stock had a trading volume of 222,421 shares. Cedar Fair, L.P. has a one year low of $41.96 and a one year high of $55.77. The stock’s 50-day moving average is $51.30 and its 200-day moving average is $51.69. The company has a market cap of $2.883 billion and a price-to-earnings ratio of 21.54.
Cedar Fair, L.P. (NYSE:FUN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.79 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.14 by $0.35. The company had revenue of $363.00 million for the quarter, compared to the consensus estimate of $379.29 million. During the same quarter last year, the company posted $0.85 earnings per share. Cedar Fair, L.P.’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Cedar Fair, L.P. will post $2.69 earnings per share for the current fiscal year.
Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc (NYSE:FUN).
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