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Last up on this week's list is
International Speedway (ISCA - Get Report), a small-cap entertainment stock that operates major racetracks around the country. ISCA's properties include some of the biggest and most well-known tracks in the country, including Daytona International Speedway (home of the Daytona 500) and Talladega in Alabama.
ISCA is inseparable from NASCAR -- the firm hosts some of the biggest events in the circuit, and is majority owned by the France family, which also owns NASCAR. That massive exposure to a wildly popular sport (second only to the NFL in TV viewership) gives ISCA a major economic moat with little risk from new competitors.
The convalescing economy has had a palpable impact on ticket sales to NASCAR events hosted at ISCA tracks in the last few years. While that's pressured revenues, those pressures should abate once fans become more willing to spend money on sporting events.
ISCA announced an 11.1% dividend increase last week, bringing its annual payout to 20 cents per share. This stock isn't a core income holding by any stretch of the imagination (it yields less than 1% right now), but management is certainly sending a message to investors by paying out more cash in 2012.
International Speedway was also featured recently on "
4 Stocks Set to Soar on Earnings Reports ."
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-- Written by Jonas Elmerraji in Baltimore.