Dover Motorsports, Inc. (NYSE: DVD) has announced a semi-annual cash dividend of $0.04 per share on its common stock. This dividend will be payable on June 10, 2021, to shareholders of record by the close of business on May 10, 2021. The company promotes NASCAR-sanctioned motorsports events and operates the Dover International Speedway and Nashville Superspeedway.
Dover Motorsports, Inc. (NYSE: DVD) will announce its first-quarter earnings for the period ending March 31, 2021, on April 29, 2021. The report will be accessible on the company's website, along with commentary from executive officers starting at 9:00 a.m. ET. Dover Motorsports is known for promoting NASCAR events and operates significant venues such as Dover International Speedway and Nashville Superspeedway.
Dover Motorsports, Inc. (NYSE: DVD) reported Q4 2020 revenues of $185,000, a significant decline from $20,794,000 in Q4 2019, attributed to the lack of major events. Operating and marketing expenses dropped to $996,000 from $12,255,000 in the previous year. General and administrative expenses rose slightly to $1,934,000. The company incurred a loss before tax of $3,377,000, contrasting with a profit of $3,809,000 in Q4 2019. Net loss for the quarter was $1,879,000 or $0.05 per share. Despite losses, Dover Motorsports holds approximately $13 million in cash with no debt outstanding.
Dover Motorsports, Inc. (NYSE: DVD) is set to report its fourth-quarter earnings for the period ending December 31, 2020, on January 28, 2021. The earnings release will be accompanied by commentary from executive officers, available on the Company’s website starting at 9:00 a.m. ET. Dover Motorsports promotes NASCAR events and operates the Dover International Speedway in Delaware and Nashville Superspeedway in Tennessee.
Dover Motorsports, Inc. (NYSE: DVD) reported significant financial results for Q3 2020, generating $38,044,000 in revenues, a stark increase from $202,000 in Q3 2019. Operating expenses rose to $22,425,000, while general and administrative expenses remained stable. The company experienced earnings before taxes of $18,025,000, compared to a loss of ($588,000) the previous year. Net earnings reached $13,190,000 or $.36 per diluted share. Notably, the board declared an annual cash dividend of $.07 per share, payable on December 10, 2020.
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.
Dover Motorsports, Inc. (NYSE: DVD) will announce its third-quarter earnings on October 29, 2020, covering the period ending September 30, 2020. Executive commentary will be accessible on the Company's website from 9:00 a.m. ET on the same day. Dover Motorsports promotes NASCAR events, operating Dover International Speedway in Delaware and Nashville Superspeedway in Tennessee. Investors can find more details on the earnings call through the investor relations section of the Company’s website.