Updating your Income stocks: Cedar Fair, T. Rowe Price & Newell Brands

Article Excerpt

CEDAR FAIR L.P. $44 (www.cedarfair.com) remains a hold. Cedar Fair has now re-opened all of its amusement parks as more areas relax their COVID-19 restrictions. As a result, revenue in the second quarter of 2022 jumped 127.3%, to $509.49 million from $224.14 million a year earlier. Earnings improved to $0.89 a unit from a loss of $1.04. The partnership has also resumed regular quarterly distribution payments of $0.30 a unit; the annual rate of $1.20 yields 2.7%. However, higher costs for labour could hinder its earnings growth. Cedar Fair is still a hold. T. ROWE PRICE GROUP INC. $1254 (www.troweprice.com) is still a buy. The mutual fund seller’s fee income varies with the value of the assets it administers. Due to the current stock market downturn, the stock is now down 36% since the start of 2022. The company will also benefit from its recent acquisition of Oak Hill Advisors, which arranges financing for distressed businesses unable to secure loans from traditional banks and lenders. T. Rowe Price is…

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