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Drive Shack Inc. owns and operates golf-related leisure and entertainment venues. It operates through three segments: Entertainment Golf Venues, Traditional Golf Properties, and Corporate. The Entertainment Golf Venues segment operates golf-related leisure and entertainment venues with gaming and golf technology, a chef-inspired menu, craft cocktails, and social events, as well as operates Puttery, an indoor socializing and entertainment platform. It also operates owned or leased entertainment golf venues across various states with locations in Orlando, Florida; West Palm Beach, Florida; Raleigh, North Carolina; and Richmond, Virginia; The Colony, Texas; Charlotte, North Carolina; Washington, District of Columbia; Houston, Texas; and Chicago, Illinois. The Traditional Golf Properties segment operates golf courses and country clubs in the United States. The Corporate segment consists of securities and other investments and executive management. The company was formerly known as Newcastle Investment Corp. and changed its name to Drive Shack Inc. in December 2016. Drive Shack Inc. was founded in 2002 and is based in Dallas, Texas.

Drive Shack Dividend Announcement

• Drive Shack announced a quarterly dividend of $0.12 per ordinary share which will be made payable on . Ex dividend date: 2016-12-16
• Drive Shack's trailing twelve-month (TTM) dividend yield is -%
• Drive Shack's payout ratio for the trailing twelve months (TTM) is -0.66%

Drive Shack Dividend History

Ex-Div dateDividend amountDividend typePay date
2016-12-16$0.12quarterly
2016-10-20$0.12quarterly
2016-07-20$0.12quarterly
2016-04-06$0.12quarterly
2015-12-22$0.12quarterly
2015-09-29$0.12quarterly
2015-06-30$0.12quarterly
2015-03-25$0.12quarterly
2014-12-30$0.12quarterly
2014-09-25$0.60quarterly
2014-06-20$0.20quarterly
2014-03-21$0.20quarterly
2013-12-26$0.20quarterly
2013-09-26$0.20quarterly
2013-06-11$0.34quarterly
2013-03-21$0.44quarterly
2012-12-26$0.44quarterly
2012-09-27$0.44quarterly
2012-06-21$0.40quarterly
2012-03-22$0.40quarterly
2011-12-28$0.30quarterly
2011-09-29$0.30quarterly
2011-06-30$0.20quarterly
2008-10-02$0.50quarterly
2008-07-02$0.50quarterly
2008-04-03$0.50quarterly
2007-12-27$1.44quarterly
2007-09-27$1.44quarterly
2007-06-28$1.44quarterly
2007-03-29$1.38quarterly
2006-12-27$1.38quarterly
2006-09-28$1.30quarterly
2006-06-29$1.30quarterly
2006-03-30$1.25quarterly
2005-12-28$1.25quarterly
2005-09-29$1.25quarterly
2005-06-30$1.25quarterly
2005-03-31$1.25quarterly
2004-12-29$1.25quarterly
2004-09-30$1.20quarterly
2004-07-01$1.20quarterly
2004-04-01$1.20quarterly
2003-12-29$1.00quarterly
2003-10-02$1.00quarterly
2003-07-02$1.00quarterly
2003-04-03$0.90quarterly

Drive Shack Dividend per year

Drive Shack Dividend growth

Drive Shack Dividend Yield

Drive Shack current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Drive Shack stock? Use our calculator to estimate your expected dividend yield:

Drive Shack Financial Ratios

P/E ratio-0.68
PEG ratio-0.01
P/B ratio-0.43
ROE92.85%
Payout ratio-0.66%
Current ratio0.50
Quick ratio0.47
Cash Ratio0.12

Drive Shack Dividend FAQ

Does Drive Shack stock pay dividends?
Drive Shack does not currently pay dividends to its shareholders.
Has Drive Shack ever paid a dividend?
No, Drive Shack has no a history of paying dividends to its shareholders. Drive Shack is not known for its dividend payments.
Why doesn't Drive Shack pay dividends?
There are several potential reasons why Drive Shack would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Drive Shack ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Drive Shack has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Drive Shack a dividend aristocrat?
Drive Shack is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Drive Shack a dividend king?
Drive Shack is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Drive Shack a dividend stock?
No, Drive Shack is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Drive Shack stocks?
To buy Drive Shack you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Drive Shack stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.