Dover Motorsports Inc: Key Developments
Dover Motorsports, Inc. Declares Regular Quarterly Dividend
April 29, 2009 |
| Dover Motorsports, Inc announced that its Board of Directors today declared a regular quarterly cash dividend on both classes of common stock of $.01 per share. The dividend will be payable on June 10, 2009 to shareholders of record at the close of business on May 10, 2009. |
Dover Motorsports, Inc. Announces Agreement To Sell Memphis Motorsports Park to Gulf Coast Entertainment
January 30, 2009 |
| Dover Motorsports, Inc. announced that it has entered into a definitive agreement to sell Memphis Motorsports Park to Gulf Coast Entertainment, L.L.C. Under the terms of the agreement, Dover Motorsports will sell all of the stock of its subsidiary Memphis International Motorsports Corporation, the owner of Memphis Motorsports Park, to Gulf Coast Entertainment for $10 million in cash. Gulf Coast Entertainment is the owner of a newly proposed multi-use entertainment complex in Mobile, AL which is projected to be operational in 2011. As additional consideration for the purchase, Dover Motorsports will receive a 2% non-dilutable interest in Gulf Coast Entertainment and will have an agreement to provide motorsports management services to Alabama Motorsports Park when the facilities become operational. Closing is expected to take place on or about April 30, 2009 and is subject to financing and customary closing conditions. |
Dover Motorsports, Inc. Declares Regular Quarterly Dividend
January 28, 2009 |
| Dover Motorsports, Inc. announced that its Board of Directors has declared a quarterly cash dividend on both classes of common stock of $0.01 per share compared to $0.015 per share in the prior quarter. The dividend will be payable on March 10, 2009 to shareholders of record at the close of business on February 10, 2009. |
Dover Motorsports, Inc. Declares Regular Quarterly Dividend
October 29, 2008 |
| Dover Motorsports, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend on both classes of common stock of $0.015 per share. The dividend will be payable on December 10, 2008 to shareholders of record at the close of business on November 10, 2008. |
Dover Motorsports, Inc. Declares Regular Quarterly Dividend
July 23, 2008 |
| Dover Motorsports, Inc. announced that its Board of Directors declared a regular quarterly cash dividend on both classes of common stock of $.015 per share. The dividend will be payable on September 10, 2008 to shareholders of record at the close of business on August 10, 2008. |
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