Dover Motorsports, Inc. Declares Dividend
Dover Motorsports, Inc. (NYSE: DVD) has declared an annual cash dividend of $.07 per share on both classes of common stock. This dividend will be payable on December 10, 2020 to shareholders recorded by the close of business on November 10, 2020. While the company has a history of annual dividends, future evaluations may change due to the opening of the Nashville Superspeedway and potential impacts from the pandemic on event scheduling.
- Annual cash dividend of $.07 per share enhances shareholder income.
- Company's commitment to dividends signals confidence in financial stability.
- Future evaluation of dividend frequency may indicate instability or financial caution due to pandemic impact.
DOVER, Del.--(BUSINESS WIRE)--Dover Motorsports, Inc. (NYSE: DVD) Board of Directors today declared an annual cash dividend on both classes of common stock of $.07 per share. The dividend will be payable on December 10, 2020 to shareholders of record at the close of business on November 10, 2020. While we have historically paid dividends annually, due to the planned reopening of the Nashville Superspeedway, the potential impact of the pandemic on the scheduling of events and other developments in our business, in the future we may re-examine the frequency with which we evaluate and pay dividends.
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Dover Motorsports, Inc. is a promoter of NASCAR sanctioned motorsports events in the United States whose subsidiaries own and operate Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee. For further information, log on to dovermotorsports.com.
