Canterbury Park Holding Corporation Declares Quarterly Payout
Canterbury Park Holding Corporation Declares Quarterly Cash Dividend
Canterbury Park Holding Corporation, known as Canterbury, has made a significant announcement regarding its ongoing commitment to its shareholders. The company’s Board of Directors has approved a quarterly cash dividend of $0.07 per share. This dividend is scheduled to be paid on a specified date to all stockholders who are on record before that date. When calculated annually, this dividend amounts to $0.28 per common share, reflecting the company’s focus on returning value to its investors.
About Canterbury Park
Located in Shakopee, Minnesota, Canterbury Park Holding Corporation operates the Canterbury Park Racetrack and Casino, a unique establishment as it is the only full-service thoroughbred and quarter horse racing facility in the state. The racetrack is active from May to September, showcasing live racing events that attract many visitors. In addition to horse racing, the casino operates 24/7, offering various card games, including poker and table games. The company also provides year-round wagering on simulcast horse racing and hosts a multitude of entertainment events to enhance the customer experience.
Enhancing Shareholder Value
Canterbury Park is actively working on enhancing shareholder value through its strategic development plans. The company is exploring opportunities to develop approximately 140 acres of underutilized land surrounding the racetrack, previously earmarked for a broader project known as Canterbury Commons. Current initiatives include mixed-use developments aimed at attracting both investment and activity to the area, benefiting the community as well as shareholders.
Future Plans and Developments
The ambitious vision for the land, combined with the company’s strong operational foundation, illustrates Canterbury Park’s commitment to continuous improvement and strategic growth. Their focus on diversifying offerings and maximizing the use of available space reflects a forward-thinking approach in a competitive environment. The management is optimistic about the prospects not only for the track and casino revenues but also for the potential revenue streams that would come from the new development projects.
Community Engagement and Contribution
Canterbury Park recognizes the importance of contributing to the local community, and their developments aim to create jobs and boost the local economy. By bringing in new businesses and attractions, Canterbury Park is not just enhancing its own value, but also playing a key role in the overall vitality of the Shakopee area. This initiative will ensure sustainable growth that benefits not only shareholders but the entire community.
Investor Relations
Investors who are interested in learning more about Canterbury Park Holding Corporation's strategic direction, operational updates, and financial performance should reach out to their investor relations contacts. Queries can be directed to Randy Dehmer, Senior Vice President and Chief Financial Officer, who can be reached at 952-233-4828 or via email. Additionally, investor inquiries can also be directed to Richard Land and Jim Leahy at JCIR for further assistance.
Frequently Asked Questions
What is the amount of the quarterly cash dividend announced by Canterbury?
The quarterly cash dividend is set at $0.07 per share.
When will the dividend be paid to stockholders?
The dividend will be paid on a specified date to stockholders who are on record prior to that date.
What operations does Canterbury Park Holding Corporation manage?
Canterbury Park operates a racetrack and casino, offering live races, casino gaming, and year-round simulcast wagering.
How is Canterbury Park contributing to the community?
The company is developing underutilized land to create new business opportunities, thereby boosting the local economy and creating jobs.
Who should I contact for investor inquiries regarding the company?
Investors can contact Randy Dehmer, the CFO, or Richard Land and Jim Leahy at JCIR for more information.
About The Author
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