Canterbury Park Holding Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Canterbury Park Holding Corporation (NASDAQ: CPHC) announced a quarterly cash dividend of $0.07 per share, payable April 14, 2026 to holders of record on March 31, 2026. At this quarterly rate the annual dividend equals $0.28 per common share.

The company also reiterated ongoing plans to develop approximately 140 acres of underutilized land around its Shakopee racetrack via mixed-use opportunities and joint ventures.

Positive

• Quarterly dividend of $0.07 per share declared
• Annualized dividend equivalent to $0.28 per common share

Negative

• None.

News Market Reaction – CPHC

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In the Mar 12 session, CPHC declined 1.02%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SHAKOPEE, Minn., March 11, 2026 (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 $0.07 per share that will be paid on April 14, 2026 to stockholders of record on March 31, 2026. At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.

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                                                        
Senior Vice President and Chief Financial Officer                        
Canterbury Park Holding Corporation                                
952-233-4828 or investorrelations@canterburypark.com

Richard Land, Christin Armacost
JCIR
212-835-8500 or cphc@jcir.com

FAQ

What dividend did Canterbury Park (CPHC) declare on March 11, 2026?

Canterbury declared a $0.07 per share quarterly cash dividend. According to the company, the dividend is payable April 14, 2026 to stockholders of record on March 31, 2026 and annualizes to $0.28 per common share.

When will Canterbury Park (CPHC) pay the quarterly dividend declared in March 2026?

The dividend payment date is April 14, 2026. According to the company, shareholders of record as of March 31, 2026 will receive the $0.07 per share cash dividend on that April payment date.

What is the record date for the CPHC dividend declared March 11, 2026?

The record date for the dividend is March 31, 2026. According to the company, only shareholders on the register at that date will be eligible to receive the $0.07 per share payment on April 14, 2026.

How much is Canterbury Park's (CPHC) annualized dividend after the March 2026 declaration?

The annualized dividend equals $0.28 per common share. According to the company, the $0.07 quarterly cash dividend translates to that $0.28 annual equivalent at the stated quarterly rate.

What development plans did Canterbury Park (CPHC) mention alongside the March 2026 dividend?

Canterbury said it is pursuing development of about 140 acres of underutilized land near the racetrack. According to the company, that work targets mixed-use opportunities, pursued directly and through joint ventures to enhance shareholder value.