SeaWorld Entertainment Inc. revealed more bad news for investors: It is suspending its quarterly stock dividend.
The company said late Monday that it will pay one more dividend next month of 10 cents, down from the previous 21 cents. It said it expects to “redeploy the additional capital to shareholders by opportunistically repurchasing” stock during the rest of this year.
SeaWorld’s stock fell 4.5% to $12.12 on Tuesday.
The Orlando, Fla., company, whose 12 parks include one in San Diego, has been struggling financially in recent years. The 2013 documentary “Blackfish” took a toll on attendance. SeaWorld hoped to combat the controversy...
'Shamu Rocks' is a show put on during Summer Nights at SeaWorld Orlando.