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SHAKOPEE, Minn. - Canterbury Park Holding Corporation (NASDAQ: CPHC), which operates the sole thoroughbred and quarter horse racing facility in Minnesota, has declared a quarterly cash dividend of $0.07 per share. The dividend is scheduled to be paid on April 14, 2025, to shareholders on record as of March 31, 2025. This dividend rate projects an annual payout of $0.28 per common share, yielding 1.43% at current prices. According to InvestingPro analysis, the stock appears undervalued despite trading near its 52-week low of $18.05.
The company, known for its Canterbury Park Racetrack and Casino, provides a variety of gaming and entertainment options. With a market capitalization of $98.26 million and annual revenue of $61.56 million, it operates a casino that offers card games around the clock and facilitates live racing from May through September. Additionally, Canterbury Park engages in year-round simulcast horse racing betting and hosts diverse entertainment and special events at its facility in Shakopee, though InvestingPro data shows relatively thin gross profit margins of 7.64%.
Beyond its core racetrack and casino operations, Canterbury Park is actively developing approximately 140 acres of adjacent underutilized land. This initiative, referred to as Canterbury Commons™, aims to create shareholder value through mixed-use development projects, some of which are pursued through joint ventures.
While the company has expressed optimism about its future activities and financial performance, it cautions investors and the public that any forward-looking statements made are not guarantees of future performance. These statements, often identified by words like "believes," "expects," and "anticipates," are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
The information for this article is based on a press release statement from Canterbury Park Holding Corporation. Investors are advised to consult the company’s filings with the Securities and Exchange Commission for a comprehensive understanding of potential risks and uncertainties.
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