Canterbury Park Holding (CPHC) will suspend its quarterly dividend. The company has temporarily suspended operations at Canterbury Park due to concerns about COVID-19 and will suspend its dividend because of this.

Two years ago CPHC raised its quarterly dividend by almost 17 percent to $0.07 per share. The company initiated a dividend in 2016.

Canterbury Park Holding Corporation owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota, the only thoroughbred and quarter horse racing facility in the State. The company offers live racing from May to September. The Card Casino hosts card games 24 hours a day, seven days a week, dealing 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 Shakopee facility. The Company is redeveloping 140 acres of underutilized land surrounding the Racetrack in a project know as Canterbury Commons. The company is pursuing several mixed-use development opportunities for this land, directly and through joint ventures.