Six Flags Entertainment Corporation New (NYSE:SIX) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Stockholders of record on Thursday, November 30th will be given a dividend of 0.70 per share on Monday, December 11th. This represents a $2.80 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Wednesday, November 29th. This is a boost from Six Flags Entertainment Corporation New’s previous quarterly dividend of $0.64.

Six Flags Entertainment Corporation New has raised its dividend by an average of 9.4% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Six Flags Entertainment Corporation New has a payout ratio of 122.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Six Flags Entertainment Corporation New to earn $2.29 per share next year, which means the company may not be able to cover its $2.56 annual dividend with an expected future payout ratio of 111.8%.

Six Flags Entertainment Corporation New (NYSE:SIX) opened at $65.10 on Friday. The company has a debt-to-equity ratio of -3.53, a current ratio of 0.80 and a quick ratio of 0.71. Six Flags Entertainment Corporation New has a 12 month low of $51.25 and a 12 month high of $65.24. The company has a market capitalization of $5,422.61, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.88 and a beta of 1.15.

Six Flags Entertainment Corporation New (NYSE:SIX) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.31. The firm had revenue of $580.40 million during the quarter, compared to analyst estimates of $583.59 million. Six Flags Entertainment Corporation New had a negative return on equity of 47.41% and a net margin of 13.24%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. research analysts predict that Six Flags Entertainment Corporation New will post 2.09 EPS for the current fiscal year.

In other news, Director Jon L. Luther bought 3,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was acquired at an average price of $52.58 per share, with a total value of $157,740.00. Following the acquisition, the director now directly owns 53,511 shares in the company, valued at $2,813,608.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.90% of the stock is currently owned by insiders.

Several analysts have recently commented on the company. B. Riley restated a “buy” rating on shares of Six Flags Entertainment Corporation New in a report on Wednesday, November 1st. Zacks Investment Research upgraded Six Flags Entertainment Corporation New from a “sell” rating to a “hold” rating in a report on Saturday, October 28th. TheStreet upgraded Six Flags Entertainment Corporation New from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $70.00 target price on shares of Six Flags Entertainment Corporation New in a report on Friday, October 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Six Flags Entertainment Corporation New in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Six Flags Entertainment Corporation New currently has a consensus rating of “Buy” and a consensus target price of $67.00.

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Six Flags Entertainment Corporation New Company Profile

Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 19 regional theme and water parks. Its parks occupy approximately 4,500 acres of land. Its parks are located in geographically diverse markets across North America.

Dividend History for Six Flags Entertainment Corporation New (NYSE:SIX)

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