Six Flags Entertainment (SIX) Slashes Dividend 70% to $0.25; 3.1% Yield

Six Flags Entertainment (NYSE: SIX) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 69.9% decrease from the prior dividend of $0.83.

The dividend will be payable on March 11, 2020, to stockholders of record on March 4, 2020, with an ex-dividend date of March 3, 2020.

The annual yield on the dividend is 3.1 percent.

“Our board’s decision to reduce the dividend was not taken lightly,” said Richard Roedel, Chairman of the Board. “We believe this decision is in the best long-term interests of the company and our shareholders. Our new quarterly payout ensures sufficient free cash flow to cover the dividend, preserves financial flexibility to maintain a healthy balance sheet, and provides the ability to invest in our business.”

For a dividend history and other dividend-related data on Six Flags Entertainment (SIX) click here.

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