1 Dividend Dog To Avoid And A Possible Surprise To Satisfy Investors

Dividend Dog: Dover Downs Gaming and Entertaining Inc (DDE) is a 165,000 square foot casino and entertainment facility located in Dover, Delaware. Presently the company provides gaming options including card games, table games, electronic games and slots, sports betting, and other dining and hospitality options. Additionally, the company operates a four diamond hotel and a harness horse racing track. The company has a proven history of always paying a quarterly dividend. However, new out of state competition and diminishing returns should be cause for concern amongst investors. DDE has demonstrated a weakened financial position over the past couple of years. The company has seen its cash position, total assets, and overall net income shrink considerably. Date Cash* Total Assets* Net Income* Dec 2011 $18,634.00 $216,184.00 $46,550.00 Dec 2012 $14,993.00 $205,262.00 $42,961.00 *Numbers in thousands DDE has consistently cut its quarterly dividend payment since 2007. In 2007 the quarterly... Read more