NYSE: TRK -0.07 ( -0.37% ) Volume: 2,380
July 23, 2019

Speedway Motorsports Declares $0.305 Cash Dividend; Completes Exchange Offer

10/01/2003

CONCORD, N.C.--(BUSINESS WIRE)--Oct. 1, 2003--Speedway Motorsports, Inc. (NYSE:TRK) today declared a cash dividend of $0.305 per share of common stock.

The annual dividend will be payable on Nov. 14, 2003 to shareholders of record as of Oct. 31, 2003. This is the second consecutive year that Speedway Motorsports has paid a cash dividend to its stockholders. The dividend represents an increase over the prior year. The Board of Directors of the motorsports entertainment company unanimously decided to declare the dividend after reviewing the market for the Company's stock, current business conditions and future prospects of the Company.

The Company also announced that it had completed the exchange of all of the outstanding unregistered 6 3/4% Senior Subordinated Notes due 2013, that were issued in a private transaction on May 16, 2003, for new registered 6 3/4% Senior Subordinated Notes due 2013.

Speedway Motorsports is a leading marketer and promoter of motorsports entertainment in the United States. The Company owns and operates the following premiere facilities: Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway, Las Vegas Motor Speedway, Lowe's Motor Speedway and Texas Motor Speedway. The Company provides souvenir merchandise services through its SMI Properties subsidiary and manufactures and distributes smaller-scale, modified race cars through its 600 Racing subsidiary. The Company also owns Performance Racing Network which broadcasts syndicated motorsports programming to more than 725 radio stations nationwide. For more information visit the Company's Website at www.gospeedway.com.

CONTACT: Speedway Motorsports, Inc.
 Lauri Wilks, 704-455-3239

SOURCE: Speedway Motorsports, Inc.

Email Alerts

Email alerts are messages that are conveniently delivered to your e-mail box whenever certain new company information is posted to this section. You can set your email alert settings below.