SeaWorld Postpones Quarterly Dividend

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SeaWorld Entertainment Inc. announced plans Tuesday to postpone its regular fourth quarter dividend to January, citing debt covenants. As part of the plan, it will accelerate a previously-announced $250 million share buyback program, but only make $15 million available this calendar year. The program will begin on Dec. 17, up from Jan. 1 previously. The company also said in a filing that a restructuring announced last week will include the elimination of 300 jobs, which will lead to a restructuring charge of $12 million. Shares of SeaWorld slumped 0.1% to $15.41 in afterhours trade. They are down more than 46% this year on declining attendance after the documentary "Blackfish" criticized its treatment of Orca whales in captivity.

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