Cedar Fair (FUN) Misses Q2 EPS by 7c, Reaffirms FY11 Guidance, Declares $0.12 Dividend
Cedar Fair L.P. (NYSE: FUN) reported Q2 EPS of $0.08, $0.07 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $284.5 million versus the consensus estimate of $281.15 million.
The Company's Board of Directors also announced today the declaration of a quarterly cash distribution of $0.12 per limited partner unit. The distribution will be paid on September 15, 2011, to holders of record as of September 6, 2011. Assuming results continue to meet expectations, the Company intends to pay $1.00 per unit in distributions in 2011 with a goal to increase distributions to $2.00 or more per unit in 2013.
The Company's Board of Directors also announced today the declaration of a quarterly cash distribution of $0.12 per limited partner unit. The distribution will be paid on September 15, 2011, to holders of record as of September 6, 2011. Assuming results continue to meet expectations, the Company intends to pay $1.00 per unit in distributions in 2011 with a goal to increase distributions to $2.00 or more per unit in 2013.