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.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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