Canterbury Park Holding Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
Canterbury Park Holding (NASDAQ: CPHC) has declared a quarterly cash dividend of $0.07 per share, payable on April 14, 2025, to stockholders of record on March 31, 2025. The annual dividend amounts to $0.28 per common share.
The company owns and operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, offering live thoroughbred and quarter horse racing from May to September. The facility features 24/7 casino operations with poker and table games, alongside simulcast horse racing and various entertainment events.
Canterbury is currently developing approximately 140 acres of underutilized land surrounding the Racetrack through mixed-use development opportunities, both directly and through joint ventures, as part of their strategy to enhance shareholder value.
Positive
- Regular dividend payments indicate stable cash flow
- Diversified revenue streams from racing, casino, and real estate development
- Strategic development of 140 acres of land presents growth potential
Negative
- Quarterly dividend remains relatively modest at $0.07 per share
- Racing operations to seasonal schedule (May to September)
News Market Reaction – CPHC
On the day this news was published, CPHC declined 2.33%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SHAKOPEE, Minn., March 13, 2025 (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.
| Investor Contacts: | |
| Randy Dehmer | Richard Land, Jim Leahy |
| Senior Vice President and Chief Financial Officer | JCIR |
| Canterbury Park Holding Corporation | 212-835-8500 or cphc@jcir.com |
| 952-233-4828 or investorrelations@canterburypark.com |
FAQ
What is the dividend amount and payment date for Canterbury Park's (CPHC) latest quarterly dividend?
What is the annual dividend yield for Canterbury Park (CPHC) based on the latest announcement?
What development projects is Canterbury Park (CPHC) currently pursuing?
What are the main business operations of Canterbury Park (CPHC)?
