SeaWorld cuts dividend as financial woes continue

SeaWorld announced this week that it would be cutting the dividend paid to its shareholders for the current quarter and stop paying dividends altogether for the foreseeable future.

Instead the company will focus on repurchasing shares with $190 million set aside to pay for this.

SeaWorld’s share price has slumped over 60% during the past three years since the release of the award-winning film Blackfish, and amid ongoing criticism over its continued display of orcas in captivity.