Six Flags Entertainment Corporation New (NYSE:SIX) declared a quarterly dividend on Thursday, August 17th, Wall Street Journal reports. Investors of record on Thursday, August 31st will be given a dividend of 0.64 per share on Monday, September 11th. This represents a $2.56 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Tuesday, August 29th.

Six Flags Entertainment Corporation New has raised its dividend by an average of 9.4% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Six Flags Entertainment Corporation New has a payout ratio of 132.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Six Flags Entertainment Corporation New to earn $2.33 per share next year, which means the company may not be able to cover its $2.56 annual dividend with an expected future payout ratio of 109.9%.

Shares of Six Flags Entertainment Corporation New (NYSE SIX) traded up 0.61% during trading on Thursday, hitting $54.75. The stock had a trading volume of 882,477 shares. The firm has a market cap of $4.68 billion, a P/E ratio of 50.88 and a beta of 1.13. Six Flags Entertainment Corporation New has a 12-month low of $47.61 and a 12-month high of $65.19. The firm has a 50 day moving average price of $57.04 and a 200 day moving average price of $59.36.

Six Flags Entertainment Corporation New (NYSE:SIX) last posted its earnings results on Wednesday, July 26th. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by $0.11. Six Flags Entertainment Corporation New had a net margin of 7.49% and a negative return on equity of 41.86%. The business had revenue of $422.37 million for the quarter, compared to analyst estimates of $438.04 million. During the same quarter last year, the business earned $0.64 earnings per share. Six Flags Entertainment Corporation New’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Six Flags Entertainment Corporation New will post $1.88 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on SIX shares. B. Riley restated a “buy” rating and set a $67.00 target price on shares of Six Flags Entertainment Corporation New in a research report on Monday, April 24th. Stifel Nicolaus began coverage on shares of Six Flags Entertainment Corporation New in a research note on Thursday, April 20th. They issued a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Zacks Investment Research raised shares of Six Flags Entertainment Corporation New from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Wednesday, June 28th. FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a research note on Wednesday, July 19th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $70.00 price target on shares of Six Flags Entertainment Corporation New in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.82.

In other Six Flags Entertainment Corporation New news, VP Lance C. Balk sold 48,998 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $57.10, for a total value of $2,797,785.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.90% of the company’s stock.

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About Six Flags Entertainment Corporation New

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Dividend History for Six Flags Entertainment Corporation New (NYSE:SIX)

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