Canterbury Park Holding Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Canterbury Park Holding Corporation (NASDAQ: CPHC) has declared a quarterly cash dividend of $0.07 per share, payable on October 14, 2025, to shareholders of record as of September 30, 2025. The dividend equates to an annual distribution of $0.28 per common share.

Canterbury operates the only thoroughbred and quarter horse racing facility in Minnesota, offering live racing from May to September. The company's casino features 24/7 poker and table games. Additionally, Canterbury is developing approximately 140 acres of underutilized land surrounding the racetrack through the Canterbury Commons™ project, pursuing various mixed-use development opportunities directly and through joint ventures.

Positive

• Consistent dividend payment demonstrates financial stability
• Company maintains diverse revenue streams through racing, casino, and real estate development
• Strategic development of 140 acres of land offers growth potential

Negative

• Relatively modest dividend amount of $0.07 per share quarterly
• Seasonal racing operations limited to May-September period

SHAKOPEE, Minn., Sept. 10, 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 $0.07 per share that will be paid on October 14, 2025 to stockholders of record on September 30, 2025. 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, Jim Leahy
JCIR
212-835-8500 or cphc@jcir.com

FAQ

What is Canterbury Park's (CPHC) latest quarterly dividend amount?

Canterbury Park announced a quarterly dividend of $0.07 per share, payable on October 14, 2025, to shareholders of record as of September 30, 2025.

What is Canterbury Park's (CPHC) annual dividend rate?

At the current quarterly rate of $0.07 per share, Canterbury Park's annual dividend equivalent is $0.28 per common share.

What are Canterbury Park's (CPHC) main business operations?

Canterbury Park operates the only thoroughbred and quarter horse racing facility in Minnesota, with live racing from May to September, a 24/7 casino offering poker and table games, and is developing 140 acres of land through the Canterbury Commons™ project.

When is the record date for Canterbury Park's (CPHC) latest dividend?

The record date for Canterbury Park's latest dividend is September 30, 2025, with payment scheduled for October 14, 2025.

What development projects is Canterbury Park (CPHC) pursuing?

Canterbury Park is pursuing mixed-use development opportunities through the Canterbury Commons™ project, developing approximately 140 acres of underutilized land surrounding the racetrack, both directly and through joint ventures.