Churchill Downs, Inc. (NASDAQ:CHDN) announced an annual dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.581 per share on Friday, January 3rd. This represents a yield of 0.45%. The ex-dividend date is Thursday, December 5th. This is a boost from Churchill Downs’s previous annual dividend of $0.54.

CHDN opened at $129.67 on Tuesday. Churchill Downs has a one year low of $74.58 and a one year high of $135.32. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $129.28 and its 200-day moving average is $119.85. The company has a market capitalization of $5.21 billion, a PE ratio of 35.62, a P/E/G ratio of 1.61 and a beta of 1.22.

Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, October 30th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. The business had revenue of $306.30 million during the quarter, compared to analysts’ expectations of $299.27 million. Churchill Downs had a return on equity of 33.71% and a net margin of 11.43%. The company’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that Churchill Downs will post 4.03 EPS for the current fiscal year.

In related news, Director Karole Lloyd acquired 1,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of $123.16 per share, for a total transaction of $123,160.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Churchill Downs from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 24th. ValuEngine lowered shares of Churchill Downs from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 4th. Finally, BidaskClub raised shares of Churchill Downs from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Churchill Downs has an average rating of “Hold” and an average price target of $132.20.

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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