Six Flags reports annual attendance grew 6% to 25.7M Total guest spending per capital in 2012 increased slightly over prior year to $39.41 despite the higher mix of season pass holder attendance. Admissions per capita for the year increased 0.5% or 11c to $22.41 while in park spending per capita was flat at $17.00.
Six Flags raises dividend to 52c from 47c Six Flags Entertainment announced that its board of directors has approved an increase in the company's ongoing quarterly cash dividend from 47c per common share to 52c per common share. The fourth quarter dividend will be payable December 8 to shareholders of record as of November 25.
Six Flags shares overly beaten up, says Credit Suisse Credit Suisse said shares of Six Flags have been overly punished. The firm remains constructive on Six Flags given management's focus on shareholder value through a potential REIT conversion, sale of the business to a strategic partner and buyback capacity. Shares are Outperform rated with a $47 price target.