Dover Motorsports (DVD) Announces Annual Dividend of $0.05
Dover Motorsports (NYSE:DVD) announced a annual dividend on Thursday, October 24th, AnalystRatings.Net reports. Stockholders of record on Monday, November 11th will be paid a dividend of $0.05 per share on Tuesday, December 10th. This represents a dividend yield of 2.2%. The ex-dividend date is Wednesday, November 6th. This is a boost from Dover Motorsports’s previous annual dividend of $0.04.
On the ratings front, analysts at Zacks downgraded shares of Dover Motorsports to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $2.50 price target on the stock.
Dover Motorsports (NYSE:DVD) traded down 4.22% on Thursday, hitting $2.27. The stock had a trading volume of 38,656 shares. Dover Motorsports has a 1-year low of $1.30 and a 1-year high of $2.75. The stock has a 50-day moving average of $2.46 and a 200-day moving average of $2.15. The company has a market cap of $83.8 million and a P/E ratio of 18.23.
Dover Motorsports (NYSE:DVD) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.03. The company had revenue of $21.47 million for the quarter, compared to the consensus estimate of $22.77 million. On average, analysts predict that Dover Motorsports will post $0.14 earnings per share for the current fiscal year.
Dover Motorsports, Inc is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owned and operated Dover International Speedway in Dover, Delaware and Nashville Superspeedway near Nashville, Tennessee.
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