This "Fun" Stock Just Posted Record Revenue and Raised Its Dividend

The word is out. Millennials are spending more on "experiences" and less on "things" than their parents. Whether it's because they're less materialistic, or because they like to brag about all the cool things they're doing on social media, is a matter of debate. What isn't debatable is that investors should be aware of this phenomenon, and invest accordingly.

One "experience" stock is Cedar Fair, L.P. (NYSE: FUN), which owns 11 theme parks, three water parks, and five hotels throughout the United States and Canada. Its parks include Ohio's Cedar Point, Los Angeles' Knott's Berry Farm, and Virginia's Kings Dominion.

Source: Fool.com