Twice as Much Fun as Six Flags Splits 2-for-1

Theme park operator Six Flags Entertainment  (NYSE: SIX  ) says "more flags, more fun," so that must also apply to its stock, too, as it announced yesterday it will initiate a two-for-one stock split on June 26. Shareholders of record on June 12 will receive one share of Six Flags stock for each share they already own.

Moreover, the board of directors also declared a regular quarterly dividend of $0.90 per share, the same rate it's paid the last two quarters after raising it 50%, from $0.60 per share. The quarterly dividend is payable on June 10 to the holders of record at the close of business on May 30.

Six Flags has paid a dividend every quarter since emerging from bankruptcy in 2010. It paid a $0.06 per share at the time, and then hiked it tenfold in 2012, raising it to the $0.60 share level.

The regular dividend payment equates to a $3.60-per-share annual dividend yielding 4.8% based on the closing price of Six Flag Entertainment's stock on May 8.

SIX Dividend Chart

SIX Dividend data by YCharts

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2422196, ~/Articles/ArticleHandler.aspx, 5/27/2015 2:17:46 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!