DAYTONA BEACH, Fla., March 15, 2016 (GLOBE NEWSWIRE) -- International Speedway Corporation (NASDAQ:ISCA) (OTC Bulletin Board:ISCB) ("ISC") today announced it has been selected to NASDAQ US Broad Dividend Achievers™ Index (Nasdaq:DAA), effective prior to market open Monday, March 21, 2016.
“We are pleased to join the elite group of successful companies that make up the Nasdaq US Broad Dividend Achievers™ Index,” said ISC CEO Lesa France Kennedy. “In 2015, our dividend was $0.26 per share, an increase of 333% compared to 2005, demonstrating ISC’s strong track record and commitment to delivering shareholder value.”
Launched December 5, 2003, the NASDAQ US Broad Dividend Achievers™ Index is comprised of US accepted securities with at least ten consecutive years of increasing annual regular dividend payments. The NASDAQ US Broad Dividend Achievers™ Index is reviewed on an annual basis. For more information about the NASDAQ US Broad Dividend Achievers™ Index, including detailed eligibility criteria, visit indexes.nasdaqomx.com.
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 International Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in 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 and Americrown Service CorporationSM, a subsidiary that provides catering services, and food and beverage concessions. In addition, the Company has a 50 percent interest in the Hollywood Casino at Kansas Speedway. For more information, visit the Company's Web site at www.internationalspeedwaycorporation.com.
Statements made in this release that express the Company's or management's beliefs or expectations and which are not historical facts or which are applied prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained in or implied by such forward-looking statements. The Company's results could be impacted by risk factors, including, but not limited to, weather surrounding racing events, government regulations, economic conditions, consumer and corporate spending, military actions, air travel and national or local catastrophic events. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings including, but not limited to, the 10-K and subsequent 10-Qs. Copies of those filings are available from the Company and the SEC. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be needed to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by International Speedway or any other person that the events or circumstances described in such statement are material.
CONTACT: Investor Relations (386) 681-6516
Source:International Speedway Corp.