Canterbury Park Board of Directors OKs quarterly cash dividend at $0.07 per share

December 15, 2023
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The next payment will be issued to shareholders next month.

Canterbury Park Holding Corporation has authorized its quarterly cash dividend of $0.07 per share. The company’s Board of Directors recently implemented a quarterly cash dividend, pursuant to its current dividend policy.

This quarterly cash dividend has held steady for the past couple of quarters.

Stockholders of record as of December 29 can anticipate receiving a payment at the current rate on January 12, 2024.

At the updated rate, the annual dividend amount is equivalent to $0.28 per common share, the company said.

In related news, the company released an update on its progress with the Canterbury Commons project thought its most recent quarterly results. The 140 acres of underutilized land near the racetrack is currently being repurposed into an entertainment destination.

Canterbury Park said in its Q3 report, “Development activity at Canterbury Commons continued to expand with a broad array of partners bringing exciting amenities to our vibrant lifestyle community and exploring new opportunities. Swervo Development Corporation has begun full-scale development of its state-of-the-art amphitheater with significant activity underway on the 37-acre site.

“Further, the initial success of the Badger Hill Brewery and Bravis Modern Street Food restaurant are drivers of traffic to Canterbury Commons and helping us make good on our promise of ‘Live, Work, Stay, and Play’ across the broader Canterbury Commons development.”

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.

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