International Speedway Corporation Announces an Increase In Its Annual Dividend ~ Shareholders Approve Slate of Directors
DAYTONA BEACH, Fla., April 4, 2012 /PRNewswire/ -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) ("ISC") today announced an increase in its annual dividend and the re-election of three members to its Board of Directors.
ISC declared an annual dividend of $0.20 per share, payable on June 29, 2012, to common stockholders of record on May 31, 2012, marking the 39th consecutive year that the Company has paid a dividend to its shareholders. ISC paid an annual dividend of $0.18 per share in 2011.
Separately, at the annual meeting of ISC shareholders, the following members of the Company's Board of Directors were re-elected to a three-year term: Lesa France Kennedy; Larry Aiello, Jr.; and J. Hyatt Brown.
International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation's major motorsports entertainment facilities, including Daytona International Speedway® in Florida (home of the DAYTONA 500®); Talladega Superspeedway® in Alabama; Michigan International Speedway® located outside Detroit; Richmond International Raceway® in Virginia; Auto Club Speedway of Southern California(SM) near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in Arizona; Chicagoland Speedway® and Route 66 Raceway(SM) near Chicago, Illinois; Homestead-Miami Speedway(SM) in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen International® in New York.
The Company also owns and operates Motor Racing Network, the nation's largest independent sports radio network and Americrown Service Corporation(SM), a subsidiary that provides catering services, food and beverage concessions, and produces and markets motorsports-related merchandise. In addition, the Company has a 50 percent interest in the Hollywood Casino at Kansas Speedway. For more information, visit the Company's Web site at www.internationalspeedwaycorporation.com.
SOURCE International Speedway Corporation