Peak Resorts Declares Quarterly Cash Dividend of $0.07 Per Share
July 02 2019 - 8:35AM
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 9, 2019
to common shareholders of record as of July 25, 2019 and represents
an annualized yield of 6.0% based on the $4.64 per share closing
price of the Company’s stock on July 1, 2019.
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 17 ski resorts primarily located in the Northeast,
Mid-Atlantic and Midwest, 16 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, Baltimore, Washington D.C., Cleveland, Kansas
City 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, golf 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 may contain 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 in the Company’s filings with the Securities and Exchange
Commission. Actual results could differ materially from those
projected in the forward-looking statements. The Company undertakes
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law.
Investor Contact:Norberto Aja,
Jim Leahy, Joseph JaffoniJCIR212-835-8500 or skis@jcir.com
Peak Resorts (NASDAQ:SKIS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Peak Resorts (NASDAQ:SKIS)
Historical Stock Chart
From Apr 2023 to Apr 2024