Canterbury Park Holding Corporation’s Board of Directors has approved a $0.07 per share quarterly cash dividend. The Board announced the change and approved the amount in accordance with its dividend policy.
The annual dividend will be equivalent to $0.28 per common share at the new quarterly rate, the company said.
Shareholders can expect payment on July 14 at the new rate. The company said that all stockholders of record as of June 30 will be eligible for the payout.
Canterbury Park Holding Corporation is based in Shakopee, Minnesota. The company owns and operates Canterbury Park Racetrack and Card Casino.
Its racetrack is known throughout the state as Minnesota’s only thoroughbred and quarter horseracing facility, which offers live racing between the months of May and December.
In other related news, the group recently released a brief update on its Canterbury Commons construction project. Canterbury Commons is currently under development, and the 140 acres of underutilized land near the racetrack will be repurposed into an entertainment destination.
The company said in a recent statement, “Canterbury Commons continues to attract development interest, and we are quickly creating a vibrant lifestyle destination in Shakopee, including what we expect will be a world-class entertainment district anchored by Swervo Development Corporation’s 19,000-seat amphitheater.
“This exciting new attraction is expected to break ground later this spring following our recently completed 37-acre land sale to Swervo. In part to make way for the amphitheater and to free up additional land for development, progress continues on the first phase of our barn relocation and stable modernization efforts.”
