Canterbury Park Holding Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
Canterbury Park Holding (NASDAQ: CPHC) has announced a quarterly cash dividend of $0.07 per share, payable on October 14, 2024 to stockholders of record on September 30, 2024. This equates to an annual dividend of $0.28 per common share. Canterbury owns and operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, offering live racing from May to September, 24/7 casino card games, and simulcast horse racing wagering. The company is also pursuing mixed-use development opportunities on approximately 140 acres of underutilized land surrounding the racetrack, previously known as Canterbury Commons™, to enhance shareholder value.
Positive
- Consistent dividend payment of $0.07 per share quarterly
- Annual dividend equivalent of $0.28 per common share
- Ongoing development of 140 acres of underutilized land for potential value enhancement
Negative
- None.
News Market Reaction – CPHC
On the day this news was published, CPHC gained 0.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SHAKOPEE, Minn., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Canterbury Park Holding Corporation (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that the Company’s Board of Directors, pursuant to its dividend policy, approved a quarterly cash dividend of
About Canterbury Park
Canterbury Park Holding Corporation (Nasdaq: CPHC) owns and operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State. The Company generally offers live racing from May to September. The Casino hosts card games 24 hours a day, seven days a week, dealing both poker and table games. The Company also conducts year-round wagering on simulcast horse racing and hosts a variety of other entertainment and special events at its Shakopee facility. The Company is also pursuing a strategy to enhance shareholder value by the ongoing development of approximately 140 acres of underutilized land surrounding the Racetrack that was originally designated for a project known as Canterbury Commons™. The Company is pursuing several mixed-use development opportunities for the remaining underutilized land, directly and through joint ventures. For more information about the Company, please visit www.canterburypark.com.
Cautionary Statement
From time to time, in press releases and in other communications to shareholders or the investing public, Canterbury Park Holding Corporation may make forward-looking statements concerning possible or anticipated future financial performance, business activities or plans based on management’s beliefs and assumptions. These forward looking statements are typically preceded by the words such as "believes," "expects," "anticipates," "intends" or similar expressions. Shareholders and the investing public should understand that these forward-looking statements are subject to risks and uncertainties, including those disclosed in our periodic filings with the Securities and Exchange Commission, which could cause actual performance, activities, future dividends or plans after the date the statements are made to differ significantly from those indicated in the forward-looking statements when made.
FAQ
What is the amount of Canterbury Park Holding 's (CPHC) quarterly dividend for 2024?
When will CPHC pay its next dividend and who is eligible?
What is the annual dividend equivalent for CPHC based on the current quarterly rate?
What development strategy is CPHC pursuing to enhance shareholder value?
