Peak Resorts Declares Quarterly Cash Dividend of $0.07 Per Share
July 10 2018 - 4:45PM
Peak Resorts, Inc. (NASDAQ:SKIS) (“Peak” or the “Company”), a
leading owner and operator of high-quality, individually branded
U.S. ski resorts, announced today that its Board of Directors has
declared a quarterly cash dividend of $0.07 per outstanding share
of its common stock. The cash dividend is payable on August 10,
2018 to common shareholders of record as of July 26, 2018 and
represents an annualized yield of 5.4% based on the $5.20 per share
closing price of the Company’s stock on July 10, 2018.
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 operates 14 ski resorts primarily located in the Northeast
and Midwest, 13 of which are company owned.
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 ir.peakresorts.com or follow Peak
Resorts on Facebook for resort updates.
For further information, or to receive future
Peak Resorts news announcements via e-mail, please contact JCIR, at
212-835-8500 or skis@jcir.com.
Forward Looking StatementsThis
news release contains forward-looking statements regarding the
future outlook and performance of Peak Resorts, Inc., within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements are subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from current expectations. These risks and uncertainties are
discussed under the caption “Risk Factors” in the company’s Annual
Report on Form 10-K for the year ended April 30, 2017, filed with
the Securities and Exchange Commission (the “SEC”), and as updated
from time to time in the company’s filings with the SEC. Peak
Resorts undertakes no obligation to release publicly the result of
any revisions to these forward-looking statements that may be made
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
Investor Contact:Norberto Aja,
Jim Leahy, Joseph JaffoniJCIR212-835-8500 or skis@jcir.com
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