International Speedway Bumps Dividend

International Speedway Corporation (Nasdaq Global Select Market: ISCA; OTC Bulletin
Board: ISCB) (“ISC”) today announced an increase in its annual dividend,the election of four members to its Board of Directors, and the approval of additional capital spending.
 ISC declared an annual dividend of $0.10 per share, payable on June 29, 2007, to common stockholders of record on May 31, 2007, marking the 34th consecutive year that the Company has paid a dividend to its shareholders. ISC paid an annual dividend of $0.08 per share in 2006.
Separately, at the annual meeting of ISC shareholders, the following members of ISC’s Board of Directors were re-elected to a three-year term: William C. France, 74; William P. Graves, 54; and, Christy F. Harris, 61. In addition, shareholders elected Morteza Hosseini-Kargar, 51, to a three-year term on the Company’s Board of Directors.
Lastly, the ISC Board of Directors has approved an additional $39.6 million for capital projects. The Company continues to expect total capital expenditures for fiscal year 2007 to range between $80 million and $90 million. These investments include a variety of improvements and fan enhancements to ISC’s facilities, which allow the Company to effectively compete with other sports venues for consumer and corporate spending.
Notably, today’s capital approvals include spending for various enhancements at Darlington Raceway, such as the repaving of the racing surface and aprons, a new infield access tunnel, the addition of concrete pit stalls and other renovations. These enhancements are expected to be completed in time for the facility’s 2008 NASCAR NEXTEL Cup and Busch series weekend.

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