Peak Resorts (SKIS) Declares $0.1091 Pro-Rated Qtr. Dividend; 5.8% Yield

Peak Resorts (NASDAQ: SKIS) declared a quarterly dividend of $0.1091 per share, or $0.4364 annualized.

The dividend will be payable on February 20, 2015, to stockholders of record on January 2, 2015, with an ex-dividend date of December 30, 2014.

The annual yield on the dividend is 5.8 percent.

The dividend is payable on February 20, 2015, to stockholders of record on January 2, 2015. The declared amount was calculated based on an initial quarterly rate of 13.75 cents per share, pro rated for a 73-day period from the November 20, 2014, effective date of the company's initial public offering through January 31, 2015, the end of the company's third fiscal quarter. The current indicated annual dividend would be 55 cents per share.

Commenting on the dividend, Timothy D. Boyd, president and chief executive officer, noted, "While many factors will determine the board's ability to declare future dividends, the board felt it was appropriate to declare this first-ever dividend based on the successful completion of the company's IPO and application of the offering proceeds, as well as the level of business activity we have seen at our resorts since this year's ski season opened, among other factors."

For a dividend history and other dividend-related data on Peak Resorts (SKIS) click here.

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