Planet Fitness (PLNT) Declares $2.78 Special Dividend; 12.1% Yield

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Go back to Planet Fitness (PLNT) Declares $2.78 Special Dividend; 12.1% Yield

Planet Fitness Announces Special Cash Dividend Of $2.78 Per Share

November 10, 2016 9:14 AM EST

NEWINGTON, N.H., Nov. 10, 2016 /PRNewswire/ -- Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., today announced that its Board of Directors has declared a special cash dividend of $2.78 per share to holders of Class A common stock and equivalent payments to unit holders of Pla-Fit Holdings, LLC funded in part by an amendment to its senior secured credit facility increasing the aggregate principal amount of the term loan by $230 million.

Christopher Rondeau, Chief Executive... More