Today’s Dividend On Watch: Dec 2, 2016 will mean $0.15 dividends for Speedway Motorsports, Inc. (NYSE:TRK) shareholders.

Today's Dividend On Watch: Dec 2, 2016 will mean $0.15 dividends for Speedway Motorsports, Inc. (NYSE:TRK) shareholders.

Speedway Motorsports, Inc. (NYSE:TRK) is expected to pay $0.15 on Dec 2, 2016. The indicated annual dividend is $0.60. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Speedway Motorsports, Inc.’s current price of $18.01, the dividend is 0.83%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 20, 2016. The stock decreased 1.26% or $0.23 on November 4, hitting $18.01. Speedway Motorsports, Inc. (NYSE:TRK) has declined 6.25% since April 5, 2016 and is downtrending. It has underperformed by 8.20% the S&P500.

Speedway Motorsports, Inc. is engaged in promoting, marketing and sponsoring motorsports activities in the United States. The company has a market cap of $751.19 million. The Firm also provides event and non-event souvenir merchandising and distribution services, and food, beverage and hospitality catering services through its subsidiary, SMISC Holdings, Inc. It has a 22.48 P/E ratio. It provides radio programming, production and distribution; distributes wholesale and retail motorsports, and other sports-related souvenir merchandise and apparel, and makes and distributes smaller-scale, modified racing cars and parts.

Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.03, from 1.06 in 2016Q1. The ratio increased, as 10 funds sold all Speedway Motorsports, Inc. shares owned while 23 reduced positions. 8 funds bought stakes while 28 increased positions. They now own 9.31 million shares or 3.50% more from 8.99 million shares in 2016Q1.
Panagora Asset Management has 0% invested in the company for 12,075 shares. Fort Washington Investment Advsr Oh holds 0.01% or 33,232 shares in its portfolio. Blackrock Grp Limited owns 1,964 shares or 0% of their US portfolio. Ladenburg Thalmann Fincl Services Inc has 0% invested in the company for 100 shares. California State Teachers Retirement Systems reported 24,668 shares or 0% of all its holdings. Marathon Equity Mngmt Ltd Liability Co accumulated 290,000 shares or 2.17% of the stock. State Street, a Massachusetts-based fund reported 245,773 shares. Morgan Stanley holds 0% or 70,929 shares in its portfolio. Wedge Mgmt L Lp Nc accumulated 508,681 shares or 0.16% of the stock. Northern Corp owns 194,728 shares or 0% of their US portfolio. Moreover, Goldman Sachs has 0% invested in Speedway Motorsports, Inc. (NYSE:TRK) for 16,668 shares. Strs Ohio last reported 34,900 shares in the company. Moreover, Teacher Retirement Sys Of Texas has 0% invested in Speedway Motorsports, Inc. (NYSE:TRK) for 1,728 shares. Tower Research Capital Limited Com (Trc) accumulated 0% or 84 shares. Schwab Charles Management last reported 0% of its portfolio in the stock.

More recent Speedway Motorsports, Inc. (NYSE:TRK) news were published by: Charlotteobserver.com which released: “Speedway Motorsports Inc. offering $10 tickets for kids at Cup races in 2017” on August 29, 2016. Also Businesswire.com published the news titled: “Speedway Motorsports, Inc. Schedules 2016 Third Quarter Earnings Conference Call” on October 21, 2016. Businesswire.com‘s news article titled: “Speedway Motorsports, Inc. Schedules 2016 Second Quarter Earnings Conference Call” with publication date: July 20, 2016 was also an interesting one.

TRK Company Profile

Speedway Motorsports, Inc. (SMI), incorporated on December 20, 1994, is engaged in promoting, marketing and sponsoring motorsports activities in the United States. The Firm also provides event and non-event souvenir merchandising and distribution services, and food, beverage and hospitality catering services through its subsidiary, SMISC Holdings, Inc. (doing business as SMI Properties). The Company’s divisions include motorsports event related and all other. The Company, through its Performance Racing Network (PRN) subsidiary, provides radio programming, production and distribution. It distributes wholesale and retail motorsports, and other sports-related souvenir merchandise and apparel through its SMI Properties and SMI Trackside LLC (SMI Trackside) subsidiaries. It also makes and distributes smaller-scale, modified racing cars and parts through its subsidiary, US Legend Cars International, Inc. (Legend Cars). The Company, through its subsidiaries, owns and operates racing facilities, including Atlanta Motor Speedway (AMS), Bristol Motor Speedway (BMS), Charlotte Motor Speedway (CMS), Kentucky Speedway (KyS), Las Vegas Motor Speedway (LVMS), New Hampshire Motor Speedway (NHMS), Sonoma Raceway (SR) and Texas Motor Speedway (TMS).

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