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Six Flags Doubles Quarterly Cash Dividends

By on 08/05/2011

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In addition to the filing of a Form 8-K yesterday, Six Flags also issued the following press release:

Grand Prairie, TX—August 4, 2011—Six Flags Entertainment Corporation (NYSE: SIX) announced today that its board of directors declared a doubling of its quarterly cash dividend to six cents per share of common stock payable to shareholders of record as of September 6, 2011. The dividend will be payable September 19, 2011.

In what I am sure is a related event, they also filed a pair of Form 4s granting additional shares of stock to both James Reid-Anderson and Lance Balk. James Reid-Anderson, the Chairman, President and CEO of Six Flags, picked up 78,645 shares of Common Stock with a current value of $31.7781 per share. He now holds a total of 374,845 shares of Six Flags stock. Lance Balk, Executive Vice President and General Counsel of Six Flags, picked up 4,593 shares of Common Stock valued at $31.39 per share. He now holds a total of 50,593 shares of Six Flags stock.

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