Welcome to our dedicated page for Canterbury P Ord news (Ticker: CPHC), a resource for investors and traders seeking the latest updates and insights on Canterbury P Ord stock.
Canterbury Park Holding Corp (CPHC) operates a unique blend of live horse racing, casino gaming, and real estate development in Minnesota. This page serves as the definitive source for verified news and official announcements from this multifaceted entertainment company.
Investors and stakeholders will find timely updates on earnings reports, regulatory developments, and strategic initiatives across CPHC's core segments. Key coverage includes pari-mutuel wagering operations, unbanked card game offerings, and progress in commercial real estate projects that diversify the company's revenue streams.
Our curated news collection helps users monitor market position changes, partnership announcements, and event schedules that impact CPHC's performance. Bookmark this page for direct access to press releases about seasonal racing calendars, gaming floor expansions, and community engagement initiatives that shape this regional entertainment leader.
Canterbury Park Holding Corporation (NASDAQ: CPHC) reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth-quarter net revenues amounted to $13.1 million, a 6% decrease from 2021, while annual revenues increased 11% to $66.8 million. Net income for Q4 2022 dropped 83.9% to $1.1 million, and annual net income fell 36.3% to $7.5 million. Adjusted EBITDA for Q4 was $2.7 million, a 20% decline, but increased 12.4% year-over-year to $15.1 million for the full year. The company highlighted ongoing development projects and a strong balance sheet, entering 2023 with no long-term debt and approximately $13 million in unrestricted cash.
Canterbury Park Holding Corporation (NASDAQ: CPHC) announced a quarterly cash dividend of $0.07 per share, amounting to an annual dividend of $0.28. This dividend will be paid on April 14, 2023 to shareholders on record as of March 31, 2023.
Canterbury Park owns and operates the Canterbury Park Racetrack and Card Casino in Minnesota, offering live racing from May to September and hosting card games year-round. The Company is also developing approximately 140 acres of underutilized land for mixed-use opportunities to enhance shareholder value.
Canterbury Park Holding Corporation (NASDAQ: CPHC) has declared a quarterly cash dividend of $0.07 per share, payable on January 13, 2023, to stockholders of record by December 30, 2022. This dividend translates to an annual rate of $0.28 per share. The company operates Canterbury Park Racetrack and Card Casino in Minnesota, focusing on live racing and year-round wagering, while also exploring development opportunities for approximately 140 acres of land to enhance shareholder value.
FAQ
What is the current stock price of Canterbury P Ord (CPHC)?
What is the market cap of Canterbury P Ord (CPHC)?
