Canterbury Park Declares Cash Dividend to Reward Investors

Canterbury Park Holding Corporation Declares Quarterly Dividend

Canterbury Park Holding Corporation, commonly referred to as Canterbury, has recently informed its shareholders about an upcoming cash dividend. The Company, which operates the renowned Canterbury Park Racetrack and Casino, has declared a quarterly cash dividend of $0.07 per share. This decision is part of the Company’s ongoing commitment to return value to its shareholders.

Dividend Details and Payment Information

The Board of Directors at Canterbury Park has approved this dividend, which will be distributed on October 14 to stockholders recorded by September 30. This aligns with the Company’s established dividend policy, signaling their steady approach to benefiting investors. The annual dividend comes out to $0.28 per common share, which showcases Canterbury’s financial health and commitment to offering tangible returns to those who invest in the Company.

About Canterbury Park and Its Unique Offerings

Canterbury Park Holding Corporation (NASDAQ: CPHC) is not just a regular gaming facility; it is a comprehensive entertainment venue. The corporation manages the only thoroughbred and quarter horse racing facility in the state, making it a pivotal part of Minnesota’s entertainment landscape. The racetrack and casino provide a thrilling experience for visitors, with live racing events running from May through September and a bustling casino that features card games round the clock.

Year-round Entertainment and Development Plans

Beyond racing, Canterbury Park presents year-round wagering on simulcast horse racing, enhancing the engagement of horse racing enthusiasts. The venue also hosts numerous entertainment events, making it a vibrant gathering place for the community and visitors alike. The Company is currently focusing on developing approximately 140 acres of underutilized land surrounding the Racetrack. Originally designated for a project known as Canterbury Commons™, this area is now the subject of mixed-use development opportunities that aim to foster growth and enhance shareholder value through various joint ventures.

Navigating Future Growth Initiatives

As Canterbury Park continues to grow, it remains dedicated to delivering sustainable financial performance. The strategic initiatives in place aim not only at enhancing the entertainment options available but also at maximizing investment returns. The ongoing developments and events planned for the facility reflect the management's vision for a prosperous future.

Commitment to Transparency

In all its operations, Canterbury Park Holding Corporation maintains a commitment to transparency and shareholder engagement. The management routinely shares insights about its operations and prospective plans, assuring that investors are informed about the Company’s direction and performance. This openness helps build trust among shareholders and stakeholders, vital for the sustained growth of the organization.

Frequently Asked Questions

What is the amount of the declared dividend by Canterbury Park?

The declared dividend by Canterbury Park Holding Corporation is $0.07 per share.

When will shareholders receive the dividend payment?

Shareholders will receive the dividend payment on October 14, after being recorded by September 30.

What are the primary activities at Canterbury Park?

Canterbury Park operates a racetrack and casino, offering live horse racing, card games, and year-round simulcast wagering.

What development plans does Canterbury Park have?

The Company is focusing on developing around 140 acres of underutilized land for mixed-use opportunities and enhancing shareholder value.

How does Canterbury Park maintain shareholder communication?

Canterbury Park commits to transparency by regularly updating shareholders on performance, plans, and other vital information.

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