Canterbury Park Holding Corporation Announces Special Cash Dividend
June 10 2016 - 2:00PM
Business Wire
Canterbury Park Holding Corporation (NASDAQ:CPHC) today
announced that its Board of Directors has declared a cash dividend
of $.25 per share of common stock. The special dividend will be
paid on June 30, 2016 to shareholders of record on June 20, 2016.
The Company currently has approximately 4,275,939 shares of common
stock outstanding.
The Company has not adopted any plan or policy with regard to
paying dividends. Future dividend action by our Board, if any,
following payment of the special dividend on June 30, 2016, will be
based on consolidated earnings, projected future earnings and
estimated cash requirements when such dividend action is next
considered.
About Canterbury Park:Canterbury Park Holding Corporation
owns and operates Canterbury Park Racetrack, Minnesota’s only
thoroughbred and quarter horse racing facility. The Company’s
69-day 2016 live race meet begins on May 20th and ends September
17th. In addition, Canterbury Park’s Card Casino hosts “unbanked”
card games 24 hours a day, seven days a week, offering 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 facility in Shakopee, Minnesota. For more
information about the Company, please visit us at www.canterburypark.com.
Cautionary Statement:
From time-to-time, in reports filed with the Securities and
Exchange Commission, in press releases, and in other communications
to shareholders or the investing public, we may make
forward-looking statements concerning possible or anticipated
future financial performance, prospective business activities or
plans which are typically preceded by words such as “believes,”
“expects,” “anticipates,” “intends” or similar expressions. For
such forward-looking statements, we claim the protection of the
safe harbor for forward-looking statements contained in federal
securities laws. Shareholders and the investing public should
understand that such forward-looking statements are subject to
risks and uncertainties which could affect our actual results and
cause actual results to differ materially from those indicated in
the forward-looking statements. Such risks and uncertainties
include, but are not limited to: material fluctuations in
attendance at the Racetrack, decline in interest in wagering on
horse races at the Racetrack, at other tracks, or on unbanked card
games offered at the Card Casino, competition from other venues
offering unbanked card games or other forms of wagering, a greater
than anticipated expenses or lower than anticipated return on our
development of our underutilized land. competition from other
sports and entertainment options, increases in compensation and
employee benefit costs, increases in the percentage of revenues
allocated for purse fund payments, higher than expected expenses
related to new marketing initiatives, the impact of wagering
products and technologies introduced by competitors, legislative
and regulatory decisions and changes, the general health of the
gaming sector, and other factors that are beyond our ability to
control or predict.
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version on businesswire.com: http://www.businesswire.com/news/home/20160610005685/en/
Canterbury Park Holding CorporationRandy Sampson,
952-445-7223
Canterbury Park (NASDAQ:CPHC)
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