E Daily Stock Pick: Cedar Fair

Cedar Fair's most recent Quarterly dividend was $0.925 declared in February and paid March 20th.

That $0.925 Q dividend equates to an annual payout of $3.70 for a yield of 7% at yesterday's $52.70 closing price.

Gains For FUN?

Adding the $3.70 annual estimated dividend to my $2.30 estimate of Cedar Fair's price upside shows a $6.00 potential gross annual gain, per share, which will be reduced by costs to trade those shares.

Say we put a little over $1,000.00 today at the $52.70 recent stock price would buy us 19 Cedar Fair LP shares.

A $10 broker fee paid half at purchase and half at sale costs $0.53 per share.

Subtract that $0.53 brokerage cost from the estimated $6.00 gross annual gain leaves a net gain of $5.47 X 19 shares

= $103.93 or a 10.35% net gain on a $1,001.30 investment.

Therefore, Cedar Fair LP whose trading ticker symbol is FUN, now shows a possible net gain of nearly 10.35% including a 7% dividend yield.

Nine brokers cover this stock:

Seven say "buy" FUN shares.

Two say "hold" FUN shares.

Therefore, you can look at Cedar Fair LP and see it has made money, is making money, and could throw a net gain of about 10.35% including a 7% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to determine if Cedar Fair LP is worth your time and money.

1 2
View single page >> |



How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.