Canterbury Park HoldingNASDAQ: CPHC

SHAKOPEE, Minn., Sept. 18, 2024 (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 October 14, 2024 to stockholders of record on September 30, 2024. At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.

Canterbury Park's (CPHC) Q2 earnings are affected by lower Casino revenue, stemming from adjustments to its marketing program that focused on attracting high-end players while reducing short-term promotions.

Discover why Zacks rates Canterbury Park (CPHC) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore how CPHC's diversified operations, strong balance sheet and strategic expansions position it for growth despite facing stiff competition from nearby facilities.

SHAKOPEE, Minn., June 12, 2024 (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 12, 2024 to stockholders of record on June 28, 2024. At this quarterly rate, the annual dividend is equivalent to $0.28 per common share.

Canterbury Park Holding Corporation is currently seen as overvalued based on its potential liquidation value and discounted cash flow analysis. Legislative restrictions in Minnesota are limiting the company's ability to grow its cash flow, but removing these restrictions could significantly boost the company's stock price. The impact of CPHC's property development projects on its future revenue growth remains uncertain.