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4 High-Yield Stocks With Widely Varied Prospects

Some good examples of when a juicy payout is and isn't worth it

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Six Flags

Six Flags (NYSE:SIX)Dividend Yield: 5.76%
Green Light

Surprised to see an amusement park on this list? Well, Six Flags (NYSE:SIX) makes the grade. It operates 19 parks, with 17 in the U.S., one in Mexico City and one in Montreal.

Six Flags is a great story, having come back from the dead in early 2009 when the stock traded for a mere 6 cents. The company had losses of over $100 million, and it filed for Chapter 11 bankruptcy from which it emerged in 2011.

Six Flags took great pains to increase its attractions and improve the quality of the park experience. Attendance rose, and the company’s recovery doesn’t appear over. As the economy rebounds and people get back to visiting theme parks, Six Flags looks to build on 2011’s $1 billion in revenue.

But the biggest change in the company’s outlook when the dividend, which was at a post-bankruptcy 15 cents per share in February 2011, jumped five-fold to the current 90 cents in just over eight quarters. That’s why this company gets the go-ahead.

As of this writing, Marc Bastow didn’t own any securities mentioned here.

Article printed from InvestorPlace Media,

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