SeaWorld Initiates Dividend Program
Recently IPO'd theme park operator SeaWorld Entertainment announced yesterday that its board of directors has adopted a policy to pay a regular quarterly dividend. The initial payment will be $0.20 per share payable on July 1 to all holders of record at the close of business on June 20.
The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 2.2% based on the closing price of SeaWorld Entertainment's stock on June 12.
In its 50-year history, SeaWorld has built up a portfolio of 11 destination and regional theme parks showcasing approximately 67,000 marine and terrestrial animals. The theme park operator went public on April 19 at $27 per share. Today, its stock trades north of $36 a share, for a 35% gain.
The article SeaWorld Initiates Dividend Program originally appeared on Fool.com.
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