Dover Motorsports, Inc. Declares Dividend

Rhea-AI Summary

Dover Motorsports, Inc. (NYSE: DVD) has declared a semi-annual cash dividend of $.04 per share on both classes of common stock. This dividend will be payable on December 10, 2021, to shareholders of record by the close of business on November 10, 2021. As a promoter of NASCAR events, Dover Motorsports operates key venues including Dover International Speedway and Nashville Superspeedway in the U.S.

Positive

• Declaration of a semi-annual cash dividend of $.04 per share reflects positive cash flow and returns value to shareholders.

Negative

• None.

DOVER, Del.--(BUSINESS WIRE)-- Dover Motorsports, Inc. (NYSE: DVD) announced today that its Board of Directors declared a semi-annual cash dividend on both classes of common stock of $.04 per share. The dividend will be payable on December 10, 2021 to shareholders of record at the close of business on November 10, 2021.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027006011/en/

Timothy R. Horne – Sr. Vice President - Finance

(302) 883-6592

Source: Dover Motorsports, Inc.

FAQ

What is the dividend amount declared by Dover Motorsports?

Dover Motorsports declared a dividend of $.04 per share.

When will the dividend be payable?

The dividend will be payable on December 10, 2021.

What is the record date for the dividend?

The record date for the dividend is November 10, 2021.

How often does Dover Motorsports pay dividends?

Dover Motorsports pays dividends semi-annually.

Is the dividend sustainable for Dover Motorsports?

The sustainability of the dividend will depend on the company's future financial performance.