On February 25, Cedar Fair Entertainment (FUN) announced the declaration of a regular quarterly cash distribution of $0.75 per limited partner (or LP) unit. This quarterly distribution rate is consistent with the company’s annualized distribution rate of $3.00 per LP unit announced in November of last year.
The dividend is payable March 25, 2015, to unit holders on record as of March 13, 2015. This dividend payment represents Cedar Fair’s 29th consecutive year of paying a cash distribution to its unit holders. Six Flags Entertainment (SIX) paid a dividend of $0.52 per share during the fourth quarter of 2014.
Cedar Fair recently reported record performance for 2014 and provided a positive outlook for 2015. Commenting on these recent results, Matthew A. Ouimet, Cedar Fair’s president and CEO said, “We had a very strong finish to 2014, which reaffirms our confidence in our long-term business strategy and the strength and loyalty of our consumer base. During this past year, we were also able to advance important long-term initiatives and we are confident these initiatives, combined with our strong capital program, will make 2015 another record year for Cedar Fair.”
Investing through ETFs
Investors can hold a diversified portfolio in leisure companies by investing in ETFs like the Consumer Discretionary Select Sector SPDR Fund (XLY). XLY has highest exposure of ~7% in The Walt Disney Company (DIS).
Investors who would like to invest in dividend-paying companies may invest in ETFs like The Global X SuperDividend US (DIV), which tracks the performance of companies that rank among the highest dividend-yielding equity securities in the United States. DIV has ~2% exposure in Six Flags.