ISCA International Speedway Corporation Class A

International Speedway Corporation Announces an Increase in Its Annual Dividend

International Speedway Corporation Announces an Increase in Its Annual Dividend

~Shareholders Approve Slate of Board of Directors~

DAYTONA BEACH, Fla., April 11, 2019 (GLOBE NEWSWIRE) -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) ("ISC") today announced an increase in its annual dividend and re-election of four members to the Company’s Board of Directors.

ISC declared an annual dividend of $0.49 per share, payable on June 28, 2019, to common stockholders of record on May 31, 2019.  The annual dividend for 2019 is an increase of 4.3% over the annual dividend paid in 2018 of $0.47 per share, and marks the 14th consecutive increase in ISC’s annual dividend paid to shareholders.

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:  William P. Graves, Christy F. Harris and Morteza Hosseini-Kargar.

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 Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; ISM Raceway near Phoenix, Arizona; Chicagoland Speedway® and Route 66 RacewaySM near Chicago, Illinois;  Homestead-Miami SpeedwaySM 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 NetworkSM, the nation's largest independent sports radio network, Racing Electronics, the leader in motorsports communication technology and equipment and Americrown Service CorporationSM, a subsidiary that provides catering services, and food and beverage concessions.  In addition, the Company owns ONE DAYTONA, the retail, dining and entertainment development across from Daytona International Speedway, and has a 50 percent interest in the Hollywood Casino at Kansas Speedway.  For more information, visit the Company's Web site at .

CONTACT:

Investor Relations

(386) 681-6516

EN
11/04/2019

Underlying

Reports on International Speedway Corporation Class A

 PRESS RELEASE

ISC Completes Closing of Acquisition by NASCAR

ISC Completes Closing of Acquisition by NASCAR DAYTONA BEACH, Fla., Oct. 18, 2019 (GLOBE NEWSWIRE) -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”)  today announced the closing of the previously announced merger contemplated by the Agreement and Plan of Merger, dated as of May 22, 2019, with NASCAR Holdings, Inc. (“NASCAR”), pursuant to which ISC became a wholly owned subsidiary of NASCAR. ISC shareholders, including shareholders representing a majority of the total voting power not held by certain controlling shareholders of ISC...

 PRESS RELEASE

ISC Announces Anticipated Closing Date for Acquisition by NASCAR

ISC Announces Anticipated Closing Date for Acquisition by NASCAR DAYTONA BEACH, Fla., Oct. 08, 2019 (GLOBE NEWSWIRE) -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) has delivered a written communication to NASDAQ stating that it has called a special meeting of shareholders on October 16, 2019, for the purpose of voting to approve the merger (the “Merger”) of Nova Merger Sub, Inc., a Florida corporation (“Merger Sub”) and a wholly owned subsidiary NASCAR Holdings, Inc., a Florida Corporation (“Parent”), with and into the Company. ...

 PRESS RELEASE

International Speedway Corporation Announces Officer Resignation

International Speedway Corporation Announces Officer Resignation DAYTONA BEACH, Fla., Aug. 22, 2019 (GLOBE NEWSWIRE) -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) today announced Joie Chitwood III has resigned his position as Executive VP and Chief Operating Officer of ISC, effective November 30, 2019. “After 10 great years with ISC and with the pending merger, this feels like the right time to step away and find a new challenge,” said Chitwood. “I am proud to have been involved in several transformation projects while at ISC....

Jaime Katz
  • Jaime Katz

Morningstar | Admission Growth Wanes at ISC, Incentivizing Shareholder...

With admissions falling 5% in narrow-moat International Speedway’s, or ICS', second quarter and 4.5% year to date, it’s clear that the business has struggled to attract race car enthusiasts to the track consistently. We expect competitiveness and low switching costs across leisure activities to restrict the company’s ability to grow sales as rapidly as in the past, which should hold return on invested capital, or ROIC, metrics to a mid-single-digit level. We don’t plan any changes to our...

Jaime Katz
  • Jaime Katz

Admission Growth Wanes at ISC, Incentivizing Shareholders to Support P...

With admissions falling 5% in narrow-moat International Speedway’s, or ICS', second quarter and 4.5% year to date, it’s clear that the business has struggled to attract race car enthusiasts to the track consistently. We expect competitiveness and low switching costs across leisure activities to restrict the company’s ability to grow sales as rapidly as in the past, which should hold return on invested capital, or ROIC, metrics to a mid-single-digit level. We don’t plan any changes to our...

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