Canterbury Park Holding Corporation approved a quarterly cash dividend of $0.07 per share, payable on July 14, 2026.
Quiver AI Summary
Canterbury Park Holding Corporation announced a quarterly cash dividend of $0.07 per share, which will be paid to stockholders on July 14, 2026, for those on record as of June 30, 2026. This results in an annual dividend rate of $0.28 per share. The company operates Canterbury Park Racetrack and Casino in Shakopee, Minnesota, offering live horse racing from May to September, a casino open 24/7, and year-round wagering on simulcast races. Additionally, Canterbury is exploring mixed-use development opportunities on about 140 acres of underutilized land surrounding the racetrack, aiming to enhance shareholder value. The press release also includes a cautionary statement regarding forward-looking statements and associated risks.
Potential Positives
- Approval of a quarterly cash dividend of $0.07 per share reflects the company's commitment to returning value to shareholders.
- The upcoming dividend payment signals confidence in the company's financial health and stability.
- The ongoing development of approximately 140 acres of underutilized land presents significant growth and revenue potential for the company.
- The diverse offerings at Canterbury Park, including the racetrack, casino, and entertainment events, enhance market presence and attract a wide range of customers.
Potential Negatives
- Despite the approval of a dividend, the rate of $0.07 per share signals limited returns for investors, which may not meet their expectations for growth or income.
- The cautionary statement emphasizes that forward-looking statements are subject to significant risks and uncertainties, potentially undermining investors' confidence in the company's future performance.
- The ongoing development of underutilized land suggests a reliance on future projects for growth, which introduces additional risk if these initiatives do not succeed as planned.
FAQ
What is the amount of the quarterly dividend announced by Canterbury Park?
The Board of Directors approved a quarterly cash dividend of $0.07 per share.
When will the dividend be paid to stockholders?
The dividend will be paid on July 14, 2026, to stockholders of record on June 30, 2026.
What are the main operations of Canterbury Park Holding Corporation?
Canterbury Park operates a racetrack and casino in Shakopee, Minnesota, offering live racing and various gaming options.
What development opportunities is Canterbury Park pursuing?
The Company is exploring mixed-use development opportunities on approximately 140 acres of underutilized land surrounding the Racetrack.
How can I find more information about Canterbury Park?
For more information about the Company, visit their website at www.canterburypark.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CPHC Revenue
$CPHC had revenues of $13.5M in Q1 2026. This is an increase of 2.8% from the same period in the prior year.
You can track CPHC financials on Quiver Quantitative's CPHC stock page.
You can access data on CPHC stock through the Quiver Quantitative API.
$CPHC Hedge Fund Activity
We have seen 6 institutional investors add shares of $CPHC stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ACCREDITED INVESTORS INC. removed 10,782 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $168,091
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 10,520 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $164,006
- BANK OF AMERICA CORP /DE/ removed 2,486 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $38,756
- GAMCO INVESTORS, INC. ET AL added 2,000 shares (+0.5%) to their portfolio in Q1 2026, for an estimated $31,180
- VANGUARD GROUP INC removed 1,882 shares (-3.7%) from their portfolio in Q4 2025, for an estimated $28,982
- OSAIC HOLDINGS, INC. removed 1,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $15,590
- BLACKROCK, INC. added 533 shares (+8.6%) to their portfolio in Q1 2026, for an estimated $8,309
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
Shakopee, Minn., June 12, 2026 (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 July 14, 2026 to stockholders of record on June 30, 2026. 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 Joe Jaffoni, Christin Armacost
Senior Vice President and Chief Financial Officer JCIR
Canterbury Park Holding Corporation 212-835-8500 or
[email protected]
952-233-4828 or
[email protected]
