Peak Resorts Declares Quarterly Cash Dividend Payment
April 05 2017 - 4:15PM
Peak Resorts, Inc. (NASDAQ:SKIS), a leading owner
and operator of high-quality, individually branded ski resorts,
today announced that its Board of Directors approved a quarterly
cash dividend payment of $0.07 per share on its outstanding common
stock. The cash dividend is payable on May 12, 2017, to common
shareholders of record as of April 18, 2017.
“This payment marks the second quarterly dividend since our
dividend reinstatement last February,” said Tim Boyd, President and
CEO. “We are pleased to be able to resume paying a dividend as we
remain focused on a total return approach that allows for growth
through acquisitions and resort development, further improvements
to our capital structure, and the return of capital to our
shareholders."
About Peak ResortsHeadquartered in Missouri,
Peak Resorts is a leading owner and operator of high-quality,
individually branded ski resorts in the U.S. The company currently
operates 14 ski resorts primarily located in the Northeast and
Midwest, 13 of which are company owned, including Hunter Mountain,
the Catskills' premier winter resort destination.
The majority of the resorts are located within 100 miles of
major metropolitan markets, including New York City, Boston,
Philadelphia, Cleveland and St. Louis, enabling day and overnight
drive accessibility. The resorts under the company's umbrella offer
a breadth of activities, services and amenities, including skiing,
snowboarding, terrain parks, tubing, dining, lodging, equipment
rentals and sales, ski and snowboard instruction and mountain
biking and other summer activities. To learn more, visit the
company’s website at PeakResorts.com, or follow Peak Resorts on
Facebook (https://www.facebook.com/skipeakresorts), Twitter or
Instagram for resort updates.
Forward-Looking StatementsThis news release
contains forward-looking statements including statements regarding
the future outlook and performance of Peak Resorts, Inc., and other
statements based on current management expectations, estimates and
projections. These statements are subject to a variety of risks and
uncertainties, are not guarantees and are inherently subject to
various risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. These risks
and uncertainties include, without limitation, those discussed
under the caption “Risk Factors” in the company’s Annual Report on
Form 10-K for the year ended April 30, 2016, filed with the
Securities and Exchange Commission, and as updated from time to
time in the company’s filings with the SEC. The
forward-looking statements included in this news release are only
made as of the date of this release, and Peak Resorts disclaims any
obligation to publicly update any forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
For Further Information:
616-233-0500
InvestorRelations@PeakResorts.com
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