Churchill Downs (CHDN) Raises Annual Dividend 7.2% to $1.63; 0.7% Yield

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Go back to Churchill Downs (CHDN) Raises Annual Dividend 7.2% to $1.63; 0.7% Yield

Churchill Downs (CHDN) Announces Dividend Increase, 3-for-1 Stock Split, and $300M Share Repurchase Program

October 31, 2018 4:37 PM EDT

Churchill Downs Incorporated (Nasdaq: CHDN) today announced that at its regularly scheduled meeting held on October 30, 2018, the Board of Directors approved a 7 percent increase to the Companys annual dividend, a 3-for-1 stock split, and a new $300 million share repurchase program.

"Today's actions reflect our Board of Directors' confidence in CDIs long-term performance and ability to deliver growth and returns to our investors," said Bill Carstanjen, CEO of... More