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Canterbury Park Holding Corporation Announces Quarterly Cash Dividend

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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.

Canterbury Park Holding (NASDAQ: CPHC) ha annunciato un dividendo in contante trimestrale di $0.07 per azione, che sarà pagato il 14 ottobre 2024 agli azionisti registrati il 30 settembre 2024. Ciò equivale a un dividendo annuale di $0.28 per azione ordinaria. Canterbury possiede e gestisce il Canterbury Park Racetrack e Casino a Shakopee, Minnesota, offrendo corse dal vivo da maggio a settembre, giochi da casinò 24 ore su 24 e scommesse sulle corse di cavalli in simulcast. L'azienda sta anche perseguendo opportunità di sviluppo a uso misto su circa 140 acri di terreni sottoutilizzati che circondano l'ippodromo, precedentemente noti come Canterbury Commons™, per aumentare il valore per gli azionisti.

Canterbury Park Holding (NASDAQ: CPHC) ha anunciado un dividendo en efectivo trimestral de $0.07 por acción, que se pagará el 14 de octubre de 2024 a los accionistas registrados el 30 de septiembre de 2024. Esto equivale a un dividendo anual de $0.28 por acción común. Canterbury posee y opera el Canterbury Park Racetrack y Casino en Shakopee, Minnesota, ofreciendo carreras en vivo de mayo a septiembre, juegos de cartas en el casino las 24 horas y apuestas de carreras de caballos simulcast. La compañía también está buscando oportunidades de desarrollo de uso mixto en aproximadamente 140 acres de tierra subutilizada alrededor del hipódromo, anteriormente conocido como Canterbury Commons™, para aumentar el valor para los accionistas.

캔터버리 파크 홀딩(NASDAQ: CPHC)은 주당 $0.07의 분기 배당금을 발표했으며, 이는 2024년 10월 14일2024년 9월 30일 기준 주주에게 지급됩니다. 이는 보통주당 연간 배당금 $0.28에 해당합니다. 캔터버리는 미네소타 주 샤코피에 위치한 캔터버리 파크 경마장과 카지노를 소유 및 운영하며, 5월부터 9월까지의 실시간 경주와 연중 무휴 카지노 카드 게임, 그리고 시뮬캐스트 경마 배팅을 제공합니다. 이 회사는 또한 경마장을 둘러싼 약 140에이커의 미활용 토지에서 복합 용도 개발 기회를 모색하여 주주 가치를 증대시키고 있습니다.

Canterbury Park Holding (NASDAQ: CPHC) a annoncé un dividende en espèces trimestriel de $0.07 par action, payable le 14 octobre 2024 aux actionnaires enregistrés le 30 septembre 2024. Cela équivaut à un dividende annuel de $0.28 par action ordinaire. Canterbury possède et exploite le hippodrome et casino Canterbury Park à Shakopee, Minnesota, offrant des courses en direct de mai à septembre, des jeux de cartes au casino 24 heures sur 24, et des paris sur des courses de chevaux en simulcast. L'entreprise recherche également des opportunités de développement à usage mixte sur environ 140 acres de terrains sous-utilisés entourant l'hippodrome, auparavant connu sous le nom de Canterbury Commons™, afin d'accroître la valeur pour les actionnaires.

Canterbury Park Holding (NASDAQ: CPHC) hat eine vierteljährliche Barausschüttung von $0.07 pro Aktie angekündigt, die am 14. Oktober 2024 an die Aktionäre ausgezahlt wird, die am 30. September 2024 im Aktienregister stehen. Dies entspricht einer jährlichen Dividende von $0.28 pro Stammaktie. Canterbury besitzt und betreibt die Canterbury Park Rennbahn und das Casino in Shakopee, Minnesota, das von Mai bis September Live-Rennen, rund um die Uhr Casino-Kartenspiele und simulierte Pferderennwetten anbietet. Das Unternehmen verfolgt auch hybride Entwicklungsmöglichkeiten auf ca. 140 Acres ungenutztem Land rund um die Rennbahn, die zuvor als Canterbury Commons™ bekannt waren, um den Aktionärswert zu steigern.

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.

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 $0.07 per share that will be paid on October 14, 2024 to stockholders of record on September 30, 2024. 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.



FAQ

What is the amount of Canterbury Park Holding 's (CPHC) quarterly dividend for 2024?

Canterbury Park Holding (CPHC) has declared a quarterly cash dividend of $0.07 per share for 2024.

When will CPHC pay its next dividend and who is eligible?

CPHC will pay its next dividend on October 14, 2024, to stockholders of record as of September 30, 2024.

What is the annual dividend equivalent for CPHC based on the current quarterly rate?

Based on the current quarterly rate, the annual dividend equivalent for CPHC is $0.28 per common share.

What development strategy is CPHC pursuing to enhance shareholder value?

CPHC is pursuing mixed-use development opportunities on approximately 140 acres of underutilized land surrounding its racetrack, previously known as Canterbury Commons™, to enhance shareholder value.

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Gambling
Services-racing, Including Track Operation
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United States of America
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