Churchill Downs hikes dividend by 6.9%

Churchill Downs (CHDN) will raise its annual dividend by 6.9 percent to a split adjusted 58.1 cents per share. This marks the 9th consecutive year that CHDN has increased its annual dividend.

The dividend is payable on January 3, 2020, to shareholders of record as of the close of business on December 6, 2019, with the aggregate cash dividend paid to each stockholder rounded to the nearest whole cent. The new dividend yields 0.4% at a stock price of $129.

Churchill Downs Incorporated is a racing, gaming and online entertainment company anchored by its iconic flagship event - The Kentucky Derby.  The company’s racing segment includes four racetracks: Churchill Downs Racetrack, Arlington International Race Course, Fair Grounds Race Course and Calder Race Course. The company is engaged in brick-and-mortar casino gaming and owns TwinSpires.com which is a platform for betting on horseracing. The company is also a producer and distributor of mobile games through Big Fish Games, Inc.

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