Churchill Downs, Inc. (NASDAQ:CHDN) Increases Dividend to $0.58 Per Share
Churchill Downs, Inc. (NASDAQ:CHDN) announced an annual dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.581 per share on Friday, January 3rd. This represents a yield of 0.45%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from Churchill Downs’s previous annual dividend of $0.54.
CHDN opened at $129.40 on Wednesday. The company’s 50 day simple moving average is $129.24 and its 200 day simple moving average is $120.02. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.09 and a current ratio of 1.09. Churchill Downs has a 1 year low of $74.58 and a 1 year high of $135.32. The stock has a market capitalization of $5.21 billion, a PE ratio of 35.55, a P/E/G ratio of 1.61 and a beta of 1.22.
Churchill Downs (NASDAQ:CHDN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $306.30 million during the quarter, compared to analyst estimates of $299.27 million. Churchill Downs had a net margin of 11.43% and a return on equity of 33.71%. Churchill Downs’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts expect that Churchill Downs will post 4.03 earnings per share for the current fiscal year.
In other Churchill Downs news, Director Karole Lloyd acquired 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $123.16 per share, for a total transaction of $123,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.05% of the stock is currently owned by corporate insiders.
About Churchill Downs
Churchill Downs Incorporated operates as a racing, gaming, and online entertainment company in the United States. It operates through Racing, Casinos, Online Wagering, and Other Investments and Corporate segments. The company operates 4 racetracks, including Churchill Downs Racetrack in Louisville, Kentucky; Arlington International Race Course in Arlington Heights with 12 off-track betting (OTB) facilities in Illinois; Fair Grounds Race Course in New Orleans along with 14 OTBs in Louisiana; and Calder Race Course in Miami Gardens, Florida.
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