Cedar Fair reports $175 million quarterly profit, record revenues

Cedar Fair said today it set a new revenue record on its way to a $175 million profit in the year’s third quarter. The company also announced a 4 percent increase in its quarterly dividend.

The company, which operates Cedar Point and a string of amusement and water parks across the country, said third quarter revenues were up about 1 percent to $650 million. The $175 million profit translates to $3.10 a share. In 2015, Cedar Fair earned $164 million or $2.92 a share.

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