Six Flags Entertainment CEO: 'We Are A Yield And Growth Stock'

Six Flags Entertainment CorpSIX reported better than expected second-quarter results on Wednesday. Although profit was down 1.2 percent year over year, due to low share count the EPS remained flat at $0.67, which was better than analysts' estimates of $0.63.

James Reid-Anderson, Six Flags Entertainment CEO, was on CNBC recently to weigh in on the company's results and dividends.

Strong Attendance

"Our attendance is up 9 percent," Anderson began. "It's a very strong performance attendance-wise. Revenue year-to-date up 6 percent and EBITDA up 11. Now, average [per caps]... they are down a little bit, but you got to remember we have had tremendous success in our season pass sales, up 53 percent on the active base and that affects the mix. I mean, overall an amazing performance."

Minimum Wage Hike

Anderson was asked how the change in minimum wage legislation will affect the company. He replied, "Any legislation change like that do affect us and in the last couple of years we [have taken] incremental costs on board as part of those changes."

Yield And Growth Stock

On the company's dividend yield, Anderson said, "We are a yield and growth stock, very unusual, right? If you look at what we have done, we are delivering a 4.5 percent yield...which is 2 times the S&P 500. And in the last 4 years we have averaged over 20 percent growth in cash EPS. In fact, 28 percent in the last year alone. And those two things, that's 3 times the market average. That's why we are growing so effectively."