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.

CHDN has been the topic of a number of research analyst reports. ValuEngine cut shares of Churchill Downs from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. BidaskClub upgraded Churchill Downs from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Zacks Investment Research lowered Churchill Downs from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $132.20.

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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Dividend History for Churchill Downs (NASDAQ:CHDN)

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